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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Set off and carried forward of long-term capital loss against ...

Case Laws     Income Tax

February 23, 2015

Set off and carried forward of long-term capital loss against the long-term capital gain - if the loss arising in the previous year was under a head not chargeable to tax, it could not be allowed to be carried forward and absorbed against income in a subsequent year, from a taxable source - HC

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