https://www.taxtmi.com/caselaws?id=233826 Income exempt under section 10(38) of the Income-tax Act, 1961 falls outside total income under Chapter III and is not available for adjustment against brought-forward loss from sale of shares. On that basis, loss on sale of shares cannot be set off against exempt gains from sale of shares. The note records that the assessee's position was rejected and the Tribunal's view was left undisturbed. en-us Tue, 23 Apr 2013 00:00:00 +0530 Tue, 11 Jun 2013 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233826 Income exempt under section 10(38) of the Income-tax Act, 1961 falls outside total income under Chapter III and is not available for adjustment against brought-forward loss from sale of shares. On that basis, loss on sale of shares cannot be set off against exempt gains from sale of shares. The note records that the assessee's position was rejected and the Tribunal's view was left undisturbed. Case-Laws Income Tax Tue, 23 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233826