ITAT Quashes Income Tax Reassessment Carried On Old PAN
Pranav B Prem In a...
Mumbai ITAT: Losses of One Eligible Unit Need Not Be Set Off Against Profits of Another Under Section 80-IB
The Mumbai Income Tax Appellate Tribunal (ITAT) has ruled that for the purpose of claiming deductions under Section 80-IB of the Income Tax Act, 1961, an industrial undertaking is not required...
Mumbai ITAT: Genuine Short-Term Capital Loss Can Be Set Off Against Long-Term Capital Gain
In a notable ruling, the Mumbai Income Tax Appellate Tribunal (ITAT) has clarified that short-term capital losses arising from the sale of shares can be set...
