{"id":7166,"date":"2019-09-10T08:31:26","date_gmt":"2019-09-10T08:31:26","guid":{"rendered":"http:\/\/itatonline.org\/digest\/united-investment-v-acit-koltrib-www-itatonline-org\/"},"modified":"2019-09-10T08:31:26","modified_gmt":"2019-09-10T08:31:26","slug":"united-investment-v-acit-koltrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/united-investment-v-acit-koltrib-www-itatonline-org\/","title":{"rendered":"United Investment v. ACIT (Kol)(Trib), www.itatonline.org"},"content":{"rendered":"<p><strong>Tribunal held that the fact that &#8220;long-term capital gains&#8221; on listed shares are exempt from tax does not mean that &#8220;long-term capital loss&#8221; on such shares is not available for set-off against taxable income. While the gains are exempt, there is no bar against claiming set-off of the loss (CIT v. J.H. Gotla (1985) 156 ITR 323 (SC) distinguished, CBDT Circular No.7\/2013 dated 16.07.2013 referred, Raptakos Bret &amp; Co v DCIT (2015) 69 SOT 383 (Mum) (Trib)\u00a0followed) <\/strong>\u00a0( ITA No.511\/Kol\/2017, dt. 01.07.2019)(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45: Capital loss- Long term capital gains- Long term capital loss \u2013 Set -off is allowed against taxable income .[ S.(2(14) ,2(39A)10 (38 ), 45, 70 , 71,72,74   ]<\/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":[1],"tags":[],"class_list":["post-7166","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1RA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7166","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=7166"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7166\/revisions"}],"predecessor-version":[{"id":7167,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7166\/revisions\/7167"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}