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“capital loss carry forward”

Losses & Set-offSection 74Section 744 judgments

ASIA INVESTMENT CORPORATION (MAURITIUS) LIMITED ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INT TAXATION)1(1)(2), MUMBAI

In the result the appeals filed by the assessee for both the years under consideration stands partly allowed

ITA 2766/MUM/2024[2017-18]Status: DisposedITAT Mumbai31 Jan 2025AY 2017-18

Bench: Smt. Beena Pillai () & Ms. Padmavathy S ()

Section 143(3)Section 147Section 148Section 148(1)(b)Section 69Section 74

show cause notice, the assessee filed its reply on 23/05/2023 for both the years under consideration justifying the allowability of short-term capital loss carry forwarded by the assessee. The assessee also submitted on the genuineness of the loss and non applicability of section 69. It was submitted that

ASIA INVESTMENT CORPORATION (MAURITIUS ) LIMITED ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INT TAX)-1(1)(2), MUMBAI

In the result the appeals filed by the assessee for both the years under consideration stands partly allowed

ITA 2765/MUM/2024[2016-17]Status: DisposedITAT Mumbai31 Jan 2025AY 2016-17

Bench: Smt. Beena Pillai () & Ms. Padmavathy S ()

Section 143(3)Section 147Section 148Section 148(1)(b)Section 69Section 74

show cause notice, the assessee filed its reply on 23/05/2023 for both the years under consideration justifying the allowability of short-term capital loss carry forwarded by the assessee. The assessee also submitted on the genuineness of the loss and non applicability of section 69. It was submitted that

DCIT, NCC-2,, COIMBATORE vs. M/S. THE COIMBATORE DISTRICT CONSUMER CO-OPERATIVE WHOLESALE STORES LTD.,, COIMBATORE

In the result, the appeal filed by the Revenue is allowed for statistical purposes

ITA 188/CHNY/2020[2012-13]Status: DisposedITAT Chennai19 Oct 2022AY 2012-13

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 188/Chny/2020 िनधा"रण वष" / Assessment Year: 2012-13

For Appellant: Shri. P. Sajit Kumar, JCIT
Section 143(3)Section 250

assessee's case, the past years carry forward loss was from the head "Business and Profession" and there was no eligible Long Term Capital Loss carry forwarded from the past assessment years. Hence the net of Rs.2,61,71,474/- becomes taxable in the hands of the assessee in this

DSP INVESTMENT PVT LTD.,MUMBAI vs. DY. CIT CIRCLE-2(1)(1), MUMBAI

In the result, the appeal filed by the assessee is allowed

ITA 4624/MUM/2019[2010-11]Status: DisposedITAT Mumbai28 Apr 2022AY 2010-11

Bench: Shri Pavan Kumar Gadale & Shri Gagan Gogaldsp Investment Pvt Ltd Vs Dcit, Circle – 2(1)(1) 11Th Floor, Mafatlal Aaykar Bhavan Centre, Nariman Point Mk Road, Mumbai – 400 021. Mumbai – 400 020. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacb1574H Appellant .. Respondent

For Appellant: Mr.Madhur Agarwal.ARFor Respondent: Mr.Shankar.DR
Section 143(1)Section 143(2)Section 143(3)Section 154

that the CIT(A) has erred in confirming the action of the A.O in not allowing the set off of unabsorbed short term capital loss carry forward and set off with current year income, though the information/details were filed in the course of assessment proceedings