Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1992 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1992 (11) TMI 61 - HC - Income TaxExtract: .......rly applies to the facts of the present case. In view of the foregoing discussion, we are of the opinion that the Tribunal was justified in holding that the sum of Rs. 34,870 represented business loss and not speculation loss. The question referred to us is, therefore, answered in the affirmative and in favour of the assessee. No order as to costs.
|