ITAT Mumbai Restores Set-Off Dispute: STCG vs. Non-STT Short-Term Capital Loss

Prem Naraindas Raney (Deceased) Vs DCIT (ITAT Mumbai)

In the case of Prem Naraindas Raney (Deceased) Vs. DCIT, the Income Tax Appellate Tribunal (ITAT) Mumbai rendered a crucial decision regarding the set-off of Non-Securities Transaction Tax (STT) Short-Term Capital Loss against Short-Term Capital Gain (STCG) with STT paid. This article explores the details, analysis, and outcome of this significant tax dispute.

Detailed Analysis:

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