https://www.taxtmi.com/caselaws?id=336705 The Tribunal allowed the assessee's appeal for A.Y. 2005-06, directing the Assessing Officer to permit the carry forward of the Long Term Capital Loss (LTCL) on the sale of NOCIL shares for set off in subsequent years, based on the precedent set in Raptakos Brett & Co. Ltd. The appeal was allowed, with the Tribunal emphasizing that LTCL from the transfer of equity shares is not entirely exempt from tax, and can be set off against other taxable capital gains. en-us Fri, 28 Oct 2016 00:00:00 +0530 Tue, 27 Dec 2016 19:11:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336705 The Tribunal allowed the assessee's appeal for A.Y. 2005-06, directing the Assessing Officer to permit the carry forward of the Long Term Capital Loss (LTCL) on the sale of NOCIL shares for set off in subsequent years, based on the precedent set in Raptakos Brett & Co. Ltd. The appeal was allowed, with the Tribunal emphasizing that LTCL from the transfer of equity shares is not entirely exempt from tax, and can be set off against other taxable capital gains. Case-Laws Income Tax Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336705