https://www.taxtmi.com/caselaws?id=775501 The ITAT Jaipur held that house property losses can be set off against short-term capital gains as per the provisions of the Act, which allow losses under any head except capital gains to be set off against income under any head, including capital gains. The AO erred in denying the set-off claim, and the CIT(A) wrongly upheld that denial. The tribunal directed the AO to reconsider the loss computation and allow the rectification application. The appeal of the assessee was allowed accordingly. en-us Tue, 03 Jun 2025 00:00:00 +0530 Fri, 25 Jul 2025 14:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775501 The ITAT Jaipur held that house property losses can be set off against short-term capital gains as per the provisions of the Act, which allow losses under any head except capital gains to be set off against income under any head, including capital gains. The AO erred in denying the set-off claim, and the CIT(A) wrongly upheld that denial. The tribunal directed the AO to reconsider the loss computation and allow the rectification application. The appeal of the assessee was allowed accordingly. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775501