https://www.taxtmi.com/caselaws?id=762167 ITAT Pune remanded the matter back to Addl./JCIT(A)-1, Coimbatore regarding denial of set-off of carried forward short term capital loss against capital gains income under section 115BAC. The tribunal found that while brought forward long term capital loss was allowed by CPC due to correct column entry, short term capital loss was disallowed due to incorrect column entry in the return, not due to legal prohibition. The assessee's appeal was partly allowed with directions for fresh adjudication. en-us Mon, 21 Oct 2024 00:00:00 +0530 Tue, 26 Nov 2024 08:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762167 ITAT Pune remanded the matter back to Addl./JCIT(A)-1, Coimbatore regarding denial of set-off of carried forward short term capital loss against capital gains income under section 115BAC. The tribunal found that while brought forward long term capital loss was allowed by CPC due to correct column entry, short term capital loss was disallowed due to incorrect column entry in the return, not due to legal prohibition. The assessee's appeal was partly allowed with directions for fresh adjudication. Case-Laws Income Tax Mon, 21 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762167