ITAT Mumbai Allows MAT Credit & Carry Forward of Capital Loss in Demerger

DCIT Vs Brandon & Co. (P) Ltd. (ITAT Mumbai)

Introduction: The Income Tax Appellate Tribunal (ITAT) Mumbai recently ruled on the appeal filed by the Revenue against the order of the Commissioner of Income Tax (Appeals)-3, Mumbai. The case, titled DCIT vs Brandon & Co. (P) Ltd., involves a crucial decision on the set-off of carry-forward loss of capital gains in the context of a demerger.

Background of the Case: The case revolves around the assessme

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