https://www.taxtmi.com/caselaws?id=301872 The tribunal upheld the CIT(A)'s decision to allow the set off of short term capital loss chargeable to tax at 10% instead of the normal rate of 30%. The tribunal emphasized the assessee's choice in setting off short-term capital loss against gain and overturned the CIT(A)'s order based on relevant decisions and statutory provisions. Citing similar judgments, the tribunal dismissed the department's appeal, affirming the set off of short term capital loss against short term capital gain. en-us Wed, 08 May 2013 00:00:00 +0530 Mon, 25 Apr 2022 10:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301872 The tribunal upheld the CIT(A)'s decision to allow the set off of short term capital loss chargeable to tax at 10% instead of the normal rate of 30%. The tribunal emphasized the assessee's choice in setting off short-term capital loss against gain and overturned the CIT(A)'s order based on relevant decisions and statutory provisions. Citing similar judgments, the tribunal dismissed the department's appeal, affirming the set off of short term capital loss against short term capital gain. Case-Laws Income Tax Wed, 08 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301872