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COMMISSIONER OF INCOME-TAX versus OM PARKASH

Law Reference Question Long-term capital gains Special deduction Short-term capital loss The tribunal says that the full amount of long-term capital gains should be deducted and short-term investments should not be deducted from long-term capital gains. For reference the question arises as to what the law may fit, Indian Income Tax Act, 1961, Sections 70, 74, 80T and 256 (2). family advocate from Sakardu lawyer