https://www.taxtmi.com/caselaws?id=757962 The Tribunal remanded the case to the Assessing Officer for verification, focusing on the characterization of a brought forward loss as either a business loss or a capital loss. If verified as a capital loss, the set off against capital gains should be allowed under section 74 of the Income Tax Act, granting relief to the assessee. en-us Fri, 30 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 07:50:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757962 The Tribunal remanded the case to the Assessing Officer for verification, focusing on the characterization of a brought forward loss as either a business loss or a capital loss. If verified as a capital loss, the set off against capital gains should be allowed under section 74 of the Income Tax Act, granting relief to the assessee. Case-Laws Income Tax Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757962