Set off of losses under STCG
Last updated: 14 September 2009
Court :
ITAT
Brief :
Set - off of short-term capital loss which has been subject to STT against short-term capital gains arising on off-market transactions including buy back / open offer, etc., which are not subject to STT
Citation :
First State Investments (Hongkong) Ltd. A/c First State Asia Innovation and Technology Fund v. ADIT [2009-TIOL-547- ITAT-MUM].
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Aditya Maheshwari
Published in Income Tax
Views : 3518
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