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2004 (12) TMI 310 - ITAT CALCUTTA-E
Extract:
.......in holding that the case of the assessee-company is not hit by Explanation to section 73 and the loss so suffered shall be treated as business loss and not speculation loss and question referred to is answered in favour of the assessee and the grounds of appeal of the Revenue are dismissed. 11. In the result, the appeal of the Revenue is dismissed.