{"id":61861,"date":"2026-07-07T11:20:46","date_gmt":"2026-07-07T05:50:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/priya-kapil-todarwal-v-ito-2025-236-ttj-953-176-taxmann-com-349-mumtrib\/"},"modified":"2026-07-07T11:20:46","modified_gmt":"2026-07-07T05:50:46","slug":"priya-kapil-todarwal-v-ito-2025-236-ttj-953-176-taxmann-com-349-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/priya-kapil-todarwal-v-ito-2025-236-ttj-953-176-taxmann-com-349-mumtrib\/","title":{"rendered":"Priya Kapil Todarwal v. ITO (2025) 236 TTJ 953\/ 176 taxmann.com 349 (Mum)(Trib)"},"content":{"rendered":"<p>Held that Sub-s. (2) of S. 71 gives the option to the assessee to set off any loss, other than the loss under the head &#8220;Capital gains&#8221;, against income under any head, including capital gains and therefore, the assessee is entitled to set off the business loss against long-term capital gains (AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.71: Set off of loss-One head against income from another-Set off of business loss against capital gains-Sub-s. (2) of s. 71 does not provide any particular mode to set off the loss that should be followed-the assessee is entitled to set off the business loss against any head of income, including long-term capital gains.[S.45, 70, 71(2)]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61861","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g5L","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61861","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=61861"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61861\/revisions"}],"predecessor-version":[{"id":61862,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61861\/revisions\/61862"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}