Revenue appeal fails as assessee allowed set off of short-term capital loss against long-term gains, applying consistency principle

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....HC upheld ITAT's dismissal of the revenue's appeal, confirming the assessee's entitlement to set off short-term capital loss against long-term capital gains for the block period. HC noted that, on identical facts, additions in the cases of the assessee's father and sibling had been deleted at the CIT(A) stage and attained finality, and the revenue could not adopt an inconsistent position. Both CIT(A) and ITAT, as fact-finding authorities, had properly appreciated the evidence regarding share transactions, including acquisition details, cost, sale price, and quantification of loss. Applying the rule of consistency in tax matters, HC found no substantial question of law and dismissed the revenue's appeal.....