https://www.taxtmi.com/caselaws?id=329737 The Tribunal upheld the Commissioner's decision to reject the set off claim of brought forward business loss against short term capital gains from the sale of capital assets. The Tribunal emphasized the distinction between business income and capital gains, following the precedent set by the Special Bench decision. Consequently, the appeal was dismissed for lacking merit. en-us Mon, 04 Jul 2016 00:00:00 +0530 Fri, 08 Jul 2016 14:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329737 The Tribunal upheld the Commissioner's decision to reject the set off claim of brought forward business loss against short term capital gains from the sale of capital assets. The Tribunal emphasized the distinction between business income and capital gains, following the precedent set by the Special Bench decision. Consequently, the appeal was dismissed for lacking merit. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329737