Unabsorbed business losses can offset short-term capital gains from business asset sales u/s 50 of the Income Tax Act.

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....Set off of unabsorbed business loss - set off against Short Term Capital Gain U/s. 50 - income arising out of a sale of business asset though not taxable as profits and gains from business or profession is an income in the nature of business and unabsorbed business losses can be set off against such income.....