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Income Tax - Highlights / Catch Notes

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Speculation loss u/s 73 - it is apparent from computation that ...

Income Tax

May 30, 2019

Speculation loss u/s 73 - it is apparent from computation that no part of the business of the assessee company consists of purchase and sale of the shares - Merely indulging in purchase and sale of shares for investment is not business activity in sale and purchase of shares of other companies for the purpose of this section - explanation to section 73 does not apply to the assessee company

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