Brought Forward Business Losses can be set off against STCG

CA Aman Gupta , Last updated: 01 July 2011  
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Digital Electronics Ltd. vs. Addl. CIT (2011) 49 DTR 484/135 TTJ 419 (Mum.)(Trib.) Brief Facts In the course of assessment proceedings, the AO noted that the assessee has set off brought forward losses against short-term capital gains on sale of factory building and plant and machiner

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CA Aman Gupta
(Chartered Accountant)
Category Income Tax   Report

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