https://www.taxtmi.com/caselaws?id=407266 The Tribunal allowed the assessee's appeals, permitting the carry forward of long-term capital loss despite income exemption under Section 10(38) of the Income Tax Act. Additionally, the gains from the sale of property were treated as long-term capital gains based on the right accrued to the assessee in 2004-05. The Assessing Officer was directed to recompute the taxable income considering these decisions and verifying the accurate figures involved in the transactions. en-us Mon, 26 Apr 2021 00:00:00 +0530 Wed, 05 May 2021 08:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407266 The Tribunal allowed the assessee's appeals, permitting the carry forward of long-term capital loss despite income exemption under Section 10(38) of the Income Tax Act. Additionally, the gains from the sale of property were treated as long-term capital gains based on the right accrued to the assessee in 2004-05. The Assessing Officer was directed to recompute the taxable income considering these decisions and verifying the accurate figures involved in the transactions. Case-Laws Income Tax Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407266