Michel E. Desa v. ITO (ITAT Mumbai)

Court: Mumbai Tribunal
Head Notes:

S. 72 : Set off of loss-long term capital loss-Tax planning with in frame work of law is permissible -Long term capital loss is allowed to be set off against long term capital gains. [S. 45]
(ITA No. 4286/Mum/2017, dt.20-9-2021) (AY. 2010-11)

Coram: Hon’ble Shri Pramod Kumar (Vice President) and Hon’ble Shri Ravish Sood (Judicial Member)

Law:
Section(s): 72
Counsel(s): B N Rao for the appellant and T Oommen for the respondent
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Date of upload: October 1, 2021

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