STCL on which STT paid can be set off against STCG on which STT not paid

Eastspring Investments India Equity Open Ltd Vs DCIT (ITAT Mumbai) Short term capital loss (STCL) on which STT paid can be set off against short term capital gains (STCG) on which STT not paid ITAT Mumbai held that as per section 70(2) the short-term capital loss can be set off against gain from any other capital asset. Thus, set off of short-term capital loss (on which STT was paid) against the short-term capital gains (on which STT was not paid) is allowed. Facts- During the year under consideration, the assessee reported a net short-term capital gains of Rs.175,26,00,094/- by setting off th...