https://www.taxtmi.com/caselaws?id=256807 The High Court upheld the Tribunal's decision to disallow the set off and carried forward of long-term capital loss against long-term capital gain, citing the provisions of section 10(38) of the Income-tax Act and relevant legal precedents. The Court clarified the applicability of different sections of the Act in determining the treatment of losses from specific capital assets, ultimately dismissing the appeal on the grounds that no legal question arose from the Tribunal's decision. en-us Mon, 13 Jan 2014 00:00:00 +0530 Mon, 23 Feb 2015 05:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256807 The High Court upheld the Tribunal's decision to disallow the set off and carried forward of long-term capital loss against long-term capital gain, citing the provisions of section 10(38) of the Income-tax Act and relevant legal precedents. The Court clarified the applicability of different sections of the Act in determining the treatment of losses from specific capital assets, ultimately dismissing the appeal on the grounds that no legal question arose from the Tribunal's decision. Case-Laws Income Tax Mon, 13 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256807