https://www.taxtmi.com/caselaws?id=771958 ITAT Pune dismissed the assessee's contention that set-off of business losses against short-term capital gains is a debatable issue preventing prima-facie adjustments under section 143(1). The tribunal held that CPC cannot accommodate every debatable issue in computer systems, and aggrieved assessees have appellate remedies available. However, regarding the substantive claim of setting off brought forward business losses against short-term capital gains from sale of business assets, the tribunal remitted the matter to the Jurisdictional Assessing Officer for fresh determination after considering relevant provisions and judicial precedents, allowing the ground for statistical purposes. en-us Fri, 30 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771958 ITAT Pune dismissed the assessee's contention that set-off of business losses against short-term capital gains is a debatable issue preventing prima-facie adjustments under section 143(1). The tribunal held that CPC cannot accommodate every debatable issue in computer systems, and aggrieved assessees have appellate remedies available. However, regarding the substantive claim of setting off brought forward business losses against short-term capital gains from sale of business assets, the tribunal remitted the matter to the Jurisdictional Assessing Officer for fresh determination after considering relevant provisions and judicial precedents, allowing the ground for statistical purposes. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771958