https://www.taxtmi.com/caselaws?id=60088 The Tribunal ruled in favor of the assessee, directing the Assessing Officer to grant the deduction under section 80T without setting off the business loss against the capital gains. The Tribunal emphasized that the deduction under section 80T should be made from the capital gains and not the total income of the assessee, citing the Supreme Court decision in V. Venkatachalam. The appeal was allowed, and the orders of the Assessing Officer and the DC (Appeals) were vacated. en-us Wed, 17 Jan 1996 00:00:00 +0530 Mon, 03 Jan 2011 16:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60088 The Tribunal ruled in favor of the assessee, directing the Assessing Officer to grant the deduction under section 80T without setting off the business loss against the capital gains. The Tribunal emphasized that the deduction under section 80T should be made from the capital gains and not the total income of the assessee, citing the Supreme Court decision in V. Venkatachalam. The appeal was allowed, and the orders of the Assessing Officer and the DC (Appeals) were vacated. Case-Laws Income Tax Wed, 17 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60088