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2005 (11) TMI 438 - AT - Income Tax
Extract:
.......gument of learned counsel for the assessee is also rejected. Thus, we hold that in the present case, the Explanation to section 73 is attracted and loss from trading in shares has to be treated as speculation loss. The order of the Commissioner of Income-tax (Appeals) is, therefore, confirmed. In the result, the appeal of the assessee is dismissed.