Tribunal held that assessee has the option to set off business loss against capital gains and, it is not mandatory. (AY. 2016-17)
Ajay Kumar Singhania. v. DCIT (2018) 173 ITD 474 (Chd.)(Trib.)
S. 71 : Set off of loss-One head against income from another-Assessee has the option to set off business loss against capital gains – It is not mandatory. [S. 71(3), 80]