https://www.taxtmi.com/caselaws?id=397377 The Tribunal set aside the lower authorities' orders disallowing the carry forward of long term capital loss on shares for the current year. The AO was directed to compute capital gain from the commercial property sale without intra-head adjustments for the share sale loss. The Tribunal emphasized that capital gains should be computed before applying set off provisions, allowing the carry forward of the capital loss. As a result, the appeal was allowed in favor of the assessee. en-us Tue, 11 Aug 2020 00:00:00 +0530 Thu, 07 May 2026 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397377 The Tribunal set aside the lower authorities' orders disallowing the carry forward of long term capital loss on shares for the current year. The AO was directed to compute capital gain from the commercial property sale without intra-head adjustments for the share sale loss. The Tribunal emphasized that capital gains should be computed before applying set off provisions, allowing the carry forward of the capital loss. As a result, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Tue, 11 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397377