Supreme Court · 1993 INSC 355 · Decided 2 November 1993
H.H. Sir Rama Varma (Dead) BY L.RS. v. Commissioner of Income-Tax, Kerala
- Court
- Supreme Court of India
- Citation
- 1993 INSC 355 · [1993] SUPP. 3 S.C.R. 512
- Case number
- CIVIL APPEAL No. 1489/1979
- Decided
- 2 November 1993
- Bench
- B.P. JEEVAN REDDY, S.P. BHARUCHA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80T
Headnote
Income Tax Act, 1961: Section BOT-Capital gains-Capital loss-Set­ off-Deduction-Whether to be given only for the amount of capital gains after set-o!f-"Expression "such income''-Meanings of. . Words & Phrases : "Such income" in the context of S.BOT of Income Tax the appellant-assessee made long-term capital gains, brought forward a · D long-term capital loss from previous year to be set-off against the capital gains and claimed a deduction u/s. SOT of the Income Tax, 1961, . of an amount as it stood before the set-off. The Income Tax Officer
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