The ITAT Mumbai has ruled that brought-forward business losses cannot be set off against short-term capital gains from the sale of depreciated assets, upholding the ...

The ITAT Mumbai quashed a penalty against an assessee, ruling that the penalty order was time-barred as it was issued beyond the limitation period specified under Section ...

The court acknowledged the difficulties faced by the claimant in identifying the offending vehicle immediately after an accident, especially when the claimant was incapacitated. The court allowed for ...