https://www.taxtmi.com/caselaws?id=339771 The Tribunal allowed the respondent assessee's appeal concerning the set off of brought forward business losses against deemed short term capital gains and unabsorbed depreciation without the 8-year carry forward restriction. The decisions were based on interpretations of relevant tax laws and previous court rulings, including Digital Electronics Ltd. v/s. Additional Commissioner of Income Tax and General Motors India (P.) Ltd. v/s. Dy. CIT. The appeals were dismissed as the issues had been previously settled in favor of the respondent assessee, with no costs awarded. en-us Tue, 28 Feb 2017 00:00:00 +0530 Sat, 04 Mar 2017 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339771 The Tribunal allowed the respondent assessee's appeal concerning the set off of brought forward business losses against deemed short term capital gains and unabsorbed depreciation without the 8-year carry forward restriction. The decisions were based on interpretations of relevant tax laws and previous court rulings, including Digital Electronics Ltd. v/s. Additional Commissioner of Income Tax and General Motors India (P.) Ltd. v/s. Dy. CIT. The appeals were dismissed as the issues had been previously settled in favor of the respondent assessee, with no costs awarded. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339771