Advertisement
Advertisement
Skip to content
Follow Us on
Books Submit Post Subscription
Advertisement
TOP STORIES
Income Tax ITAT Allows Full Exemption for BSNL Retrenchment Compensation and Leave Encashment Claims Income Tax Selling & Marketing Expenditure Cannot Be Disallowed Merely Due to Ledger Nomenclature Error; ITAT Deletes Addition and Remands Balance Claim for Verification Income Tax Wrong Section in Form 10AB Is a Rectifiable Technical Defect; 12AB Registration Cannot Be Denied Without Opportunity to Correct Application – ITAT Bangalore Income Tax Fresh U/s 12AB & 80G Applications Must Be Examined Independently; Earlier Rejection Does Not Bar Fresh Consideration – ITAT Bangalore Income Tax ITAT Dismisses Revenue Appeals on TP, Sales Tax Deferral & Section 14A Issues Income Tax ITAT Quashes Black Money Assessment Against Resident Not Ordinarily Resident for Lack of Jurisdiction Corporate Law Property Purchased Jointly With Spouse Not Benami Under 1988 Act: Kerala HC Custom Duty CESTAT Sets Aside Confiscation of Exotic Birds for Lack of Smuggling Proof
Income Tax

LTCG on sale of equity shares is allowed to be set off against LTCG on sale of land

By CA. Namita Gad Income Tax Judiciary June 13, 2015
Share:

Case Law Details

Case Name
Raptakos Brett & Co. Ltd. Vs DCIT (ITAT Mumbai)
Appeal Number
Only available for paid members
Date of Judgement/Order
Only available for paid members
Courts
All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.

Already Upgraded? Log in.

Advertisement
TS-326-ITAT-2015 (Mum),  [2015] 58 taxmann.com 115 (Mumbai – Trib.)  Facts of the case and Question of law: Assessee is a pharmaceutical company, engaged in manufacturing and sale of pharmaceuticals, formulations, dietetic specialties and animal husbandry. Assessee in its computation on income has shown; Long Term Capital Loss on Sale of Equity Shares (STT paid) Rs.57,32,835/- Long Term Capital Loss on Sale of Mutual Funds (STT paid) Rs.2,61,655/- Long Term Capital Gain on Sale of Land at Chennai Rs.94,12,00,000/- Assessee has set off such long term capital loss on sale of e...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement
Filed under

Author Info

CA. Namita Gad
Name: CA. Namita Gad
Qualification: CA in Practice
Company: Namita Gad & Associates
Location: Lower Parel, Mumbai, Maharashtra
Articles Published: 4
View full profile →
More from CA. Namita Gad

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Related Articles in Income Tax
ITAT Allows Full Exemption for BSNL Retrenchment Compensation and Leave Encashment Claims

ITAT Allows Full Exemption for BSNL Retrenchment Compensation and Leave Encashment Claims

July 25, 2026
Selling & Marketing Expenditure Cannot Be Disallowed Merely Due to Ledger Nomenclature Error; ITAT Deletes Addition and Remands Balance Claim for Verification

Selling & Marketing Expenditure Cannot Be Disallowed Merely Due to Ledger Nomenclature Error; ITAT Deletes Addition and Remands Balance Claim for Verification

July 25, 2026
Wrong Section in Form 10AB Is a Rectifiable Technical Defect; 12AB Registration Cannot Be Denied Without Opportunity to Correct Application – ITAT Bangalore

Wrong Section in Form 10AB Is a Rectifiable Technical Defect; 12AB Registration Cannot Be Denied Without Opportunity to Correct Application – ITAT Bangalore

July 25, 2026
Fresh U/s 12AB & 80G Applications Must Be Examined Independently; Earlier Rejection Does Not Bar Fresh Consideration – ITAT Bangalore

Fresh U/s 12AB & 80G Applications Must Be Examined Independently; Earlier Rejection Does Not Bar Fresh Consideration – ITAT Bangalore

July 25, 2026
ITAT Dismisses Revenue Appeals on TP, Sales Tax Deferral & Section 14A Issues

ITAT Dismisses Revenue Appeals on TP, Sales Tax Deferral & Section 14A Issues

July 25, 2026
ITAT Quashes Black Money Assessment Against Resident Not Ordinarily Resident for Lack of Jurisdiction

ITAT Quashes Black Money Assessment Against Resident Not Ordinarily Resident for Lack of Jurisdiction

July 25, 2026
0 Comments

  1. Dear All,

    How to do the data entry in current ITR’s ? As there is no specific provision to show such loss ? What will be rate under which data entry to be shown ? Whether 10% or 20% ? So many practical issues ?

    Reply
Leave a Reply

Your email address will not be published. Required fields are marked *