2022 (7) TMI 1574

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..... ame was not liable u/s 72 - ITAT set aside revision proceedings - HC [ 2021 (2) TMI 284 - BOMBAY HIGH COURT] accepted the position that it is not the requirement of Section 72 of the said Act that such gain or profit must be taxable only under the head of profits and gains of business or profession . The carry forward business losses would therefore be set off against theshort-term capital gains o .....

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