https://www.taxtmi.com/highlights?id=57847 Treatment of long-term capital loss arising from transfer of shares - denial of carry forward for set-off against Long Term Capital Gain - the Section 74 has not been made and cannot be made otiose. The provisions of Section 10(38) and Section 74 have to be read harmoniously but not antagonistically. We hold that the decision of the ld. CIT (A) is on incorrect interpretation of the provisions of the Act and hence cannot be sustained. - AT en-us Wed, 05 May 2021 11:10:36 +0530 Wed, 05 May 2021 11:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57847 Treatment of long-term capital loss arising from transfer of shares - denial of carry forward for set-off against Long Term Capital Gain - the Section 74 has not been made and cannot be made otiose. The provisions of Section 10(38) and Section 74 have to be read harmoniously but not antagonistically. We hold that the decision of the ld. CIT (A) is on incorrect interpretation of the provisions of the Act and hence cannot be sustained. - AT Highlights Income Tax Wed, 05 May 2021 11:10:36 +0530 https://www.taxtmi.com/highlights?id=57847