Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1956 (9) TMI 70 - BOMBAY HIGH COURT
Extract:
.......when it held that the assessee was not entitled to deduct the sum of ₹ 19,723 being the losses from speculation, from its business profits. The answers therefore to the questions submitted to us will be Question (1) was not pressed for the purpose of this reference. Question (2) in the negative. The assessee to pay the costs of the reference.