'Capital gains' is a loss.

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....d the assessee has income assessable under the head 'Capital gains', such loss may, subject to the provisions of Chapter VI be set off: (i) against the income, if any, of the assessee assessable for that assessment year under any head including income assessable under the head "Capital gains" whether relating to short-term capital assets or any other capital assets), or (ii) if the assessee so des....