https://www.taxtmi.com/caselaws?id=35788 Executors of a deceased assessee, though assessed as an association of persons under section 168 of the Income-tax Act, 1961, are not treated as a distinct taxable entity for denying set-off of the deceased's brought forward capital loss against capital gains arising during the administration period. Section 159 governs income up to the date of death, while section 168 governs income of the estate after death; both provisions operate in relation to legal representatives and the executor is taxed in a representative capacity. The separate assessments for the year of death do not bar set-off where the statutory conditions are otherwise satisfied, so the claim was accepted. en-us Tue, 17 Mar 1981 00:00:00 +0530 Tue, 16 Mar 2010 16:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35788 Executors of a deceased assessee, though assessed as an association of persons under section 168 of the Income-tax Act, 1961, are not treated as a distinct taxable entity for denying set-off of the deceased's brought forward capital loss against capital gains arising during the administration period. Section 159 governs income up to the date of death, while section 168 governs income of the estate after death; both provisions operate in relation to legal representatives and the executor is taxed in a representative capacity. The separate assessments for the year of death do not bar set-off where the statutory conditions are otherwise satisfied, so the claim was accepted. Case-Laws Income Tax Tue, 17 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35788