https://www.taxtmi.com/caselaws?id=251974 The court held that short term capital losses can be set off against any capital gains, including long term capital gains, under the Income Tax Act, 1961. The appellate authorities supported this interpretation based on Circular No.8 of 2002 issued by CBDT. Consequently, the appeal by the Revenue was dismissed, ruling in favor of the assessee regarding the set off of short term capital loss against long term capital gains. en-us Fri, 01 Aug 2014 00:00:00 +0530 Tue, 07 Oct 2014 07:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251974 The court held that short term capital losses can be set off against any capital gains, including long term capital gains, under the Income Tax Act, 1961. The appellate authorities supported this interpretation based on Circular No.8 of 2002 issued by CBDT. Consequently, the appeal by the Revenue was dismissed, ruling in favor of the assessee regarding the set off of short term capital loss against long term capital gains. Case-Laws Income Tax Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251974