TMI BlogAllowability of c/f / set-off loss u/s 10 (38) / 10 (34)X X X X Extracts X X X X X X X X Extracts X X X X ..... I had read an intresting article from one of TMI members on Allowability of loss u/s 10 (38) quite some time back almost one half year back. In the article, it was mentioned that the loss u/s 10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (38) could be c/f/ set-off. In the same article a judgement of the Supreme Court (not sure on the authority), involving loss on sale of UTI units was mentioned (u/s 10 (34) ). The authority had ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ruled in the favour of the assessee. One of the grounds was that the intention of the government was not to burden the assessee by introducing such a provision. Unfortunately, i cannot locate that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... article nor the case in my records or the website. I would be very thankful if anyone can provide me with that case Citation or the article. - Reply By Rama Krishana - The Reply = Hello, do you ne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed this one: For brain storming: - Provisions Section 10(38) - vis a vis LTC loss with STT. Such loss can be set off against taxable LTC Gains and carried forward for such set off in future. - Al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowability of c/f / set-off loss u/s 10 (38) / 10 (34) - Query Started By: - MAHESH MATHUR Dated:- 19-1-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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