{"id":33864,"date":"2023-04-18T11:24:25","date_gmt":"2023-04-18T05:54:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sikha-sanjaya-sharma-mrs-v-dcit-2022-195-itd-178-217-ttj-373-213-dtr-65-ahd-trib\/"},"modified":"2023-04-18T11:24:25","modified_gmt":"2023-04-18T05:54:25","slug":"sikha-sanjaya-sharma-mrs-v-dcit-2022-195-itd-178-217-ttj-373-213-dtr-65-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sikha-sanjaya-sharma-mrs-v-dcit-2022-195-itd-178-217-ttj-373-213-dtr-65-ahd-trib\/","title":{"rendered":"Sikha Sanjaya Sharma (Mrs.) v. DCIT (2022) 195 ITD 178\/ 217 TTJ 373 \/ 213 DTR 65 (Ahd.)(Trib.)"},"content":{"rendered":"<p>Held that exempted incomes do not enter into the computation of total income and hence such incomes are not available for set off of any loss. Accordingly, the short-term capital loss from shares could not have been set off against any tax-exempt income. \u00a0\u00a0Chapter III prescribes incomes that are not to be included in the total. Accordingly, the Revenue was not justified in disallowing the assessee&#8217;s claim for carry forward of loss, by setting off same against long-term capital gains from shares that were tax-exempt under section 10(38) of the Act.\u00a0 (AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 71 : Set off  of loss-One head against income from another-Capital gains-Exempt income-Short-term capital loss from shares could not have been set off against any tax-exempt income covered under Chapter III.  [S. 10(38)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-33864","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8Oc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=33864"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33864\/revisions"}],"predecessor-version":[{"id":33865,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/33864\/revisions\/33865"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=33864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=33864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=33864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}