This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT allows Set Off Short-Term Capital Losses Against Gains Regardless of STT or Tax Rates
Case Law Details
- Case Name
- iShares MSCI EM UCITS ETF USD ACC Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
iShares MSCI EM UCITS ETF USD ACC Vs DCIT (ITAT Mumbai)
In a significant ruling that clarifies the rules surrounding the set-off of capital losses, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has largely sided with iShares MSCI EM UCITS ETF (referred to as “iShares” or “the assessee”) in its various appeals against the Deputy Commissioner of Income Tax (International Taxation) – 2 (2) (2) (DCIT). The core of the dispute revolved around the assessee’s right to set off short-term capital losses against short-term capital gains, particularly when these ...
