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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Nature of loss - Business loss or Speculation loss - ...

Income Tax

November 30, 2023

Nature of loss - Business loss or Speculation loss - transactions in purchase and sale of shares settled otherwise than the actual delivery - the said loss is computed after making various adjustments towards suo motu disallowances and items considered separately - Assessee is not deriving any income out of share trading that is speculative in nature - Additions deleted - AT

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