Assessee Faces Double Jeopardy: Capital Gains Taxed Without Allowing Loss Carry Forward, Deemed Unjust by AO.

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....If the capital gain is held to be taxable in India, then the loss suffered by the assessee and carry forward of such loss is allowable to the assessee. However, no such benefit has been given to the assessee by the AO - Thus, the assessee has been put to double jeopardy which, in our view, is unjust and improper.....