1987 (11) TMI 145

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....sp; 20,600 2. Capital gains     2,77,431 Less : Relief u/s 80T                73,108                    ------------                      2,04,323 3. Other sources          256                    ------------                 &....

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....e order of the Commissioner because it was contrary to the specific provisions of the Act. 3. Section 80T says that where the gross total income of the assessee includes income chargeable under the head "Capital gains" there shall be allowed a deduction from such income in the amount prescribed. As we have seen from the computation of the total income in the assessment order set out above the income chargeable under the head 'Capital gains' was the amount of Rs. 2,77,431. The section talks only of the income chargeable under the head 'Capital gains'. Section 48 provides for the mode of computation of capital gains and it does not require the setting off of any other loss in computing the capital gains. It is only while computing the tota....