Adjustment of short-term capital loss post 1-10-2004 against short-term capital

 

Adjustment of short-term capital loss post 1-10-2004 against short-term capital gain pre 1-10-2004
There is no bar in section 70 that short-term capital loss post 1-10-2004 cannot be set-off against short-term capital gain earned prior to that date. – Vide ITO v. Sonia Pankaj Razdan (2011) 42(II) ITCL 412(Mum-Trib)