2013 (3) TMI 810

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....e Respondent : Vipul Joshi, P.C. Tripathi and Aditya Bhatt ORDER  1. In this appeal by the Revenue for assessment year 2006-07, although two questions have been proposed for our consideration, since question No. (ii) does not arise from the order of the Tribunal, only question (i) is being pressed by the Revenue, which reads thus : "Whether on the facts and in the circumstances....

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.... allowed the claim of the respondent - assessee to set off its long term capital loss in terms of Section 74 of the Act by following its decision in the matter of Manali Investments v. Asstt. CIT [2011] 45 SOT 128 (URO)/10 taxmann.com 293 (Mum.). The Revenue has preferred an appeal against the order of the Tribunal in the matter of Manali Investments (supra) to this Court in appeal, being Income T....