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2009 (10) TMI 634 - ITAT DELHI
Extract:
....... basis of Explanatory Notes. Therefore, the income from trading of shares as observed above will be speculative business within the meaning of provision of Explanation of section 73 of the Act. We, therefore, set the order of the CIT(A) and restore the order of the Assessing Officer. 13. In the result, appeal filed by the revenue is partly allowed.