https://www.taxtmi.com/caselaws?id=310401 The Tribunal dismissed the Revenue's appeals for Assessment Years 2015-16 and 2017-18, affirming the CIT(A)'s orders. It ruled that the Assessee, a non-resident FII registered in Mauritius, is entitled to claim the benefits of the India-Mauritius DTAA on capital gains without setting off brought forward Short-Term and Long-Term Capital Losses against the current year's gains. Additionally, the Assessee is allowed to carry forward these capital losses to subsequent years, as previously determined in scrutiny assessments. en-us Fri, 07 Oct 2022 00:00:00 +0530 Sun, 22 Oct 2023 21:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310401 The Tribunal dismissed the Revenue's appeals for Assessment Years 2015-16 and 2017-18, affirming the CIT(A)'s orders. It ruled that the Assessee, a non-resident FII registered in Mauritius, is entitled to claim the benefits of the India-Mauritius DTAA on capital gains without setting off brought forward Short-Term and Long-Term Capital Losses against the current year's gains. Additionally, the Assessee is allowed to carry forward these capital losses to subsequent years, as previously determined in scrutiny assessments. Case-Laws Income Tax Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310401