https://www.taxtmi.com/caselaws?id=427457 The Tribunal upheld the CIT(A)'s decisions on both issues. The share of loss from the partnership firm was not added back for computing book profit under Section 115JB. Additionally, the long-term capital loss from off-market transactions was allowed to be carried forward and set off in subsequent years. The decisions were based on a strict interpretation of provisions and precedents, dismissing the Revenue's appeal. en-us Wed, 20 Jul 2022 00:00:00 +0530 Thu, 08 Sep 2022 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427457 The Tribunal upheld the CIT(A)'s decisions on both issues. The share of loss from the partnership firm was not added back for computing book profit under Section 115JB. Additionally, the long-term capital loss from off-market transactions was allowed to be carried forward and set off in subsequent years. The decisions were based on a strict interpretation of provisions and precedents, dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427457