Set off of STCG loss with STCG allowed despite the assessee had not claimed it in his return of income…
Under section 71 assessee have option to set off losses against capital gains and the set off is not mandatory…
Interest earned on share application money kept in fixed deposit was liable to be set off against the public issue…
Reassessment upheld for non disclosure of Interest income set off against interest on loans and advances when production was not…