Court Upholds Denial of Set-Off for Long-Term Capital Loss on Shares with STT Paid u/s 10(38).

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....Long-term capital loss - the orders of the lower authorities are upheld wherein the assessee has been denied the set of and or carry forward of long-term capital loss on transfer of shares on which the assessee has paid securities transaction tax and are covered by the provisions of Section 10 (38) of the Act - AT....