Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (1) TMI 779 - AT - Income TaxTreatment of loss as a speculative loss and had not allowed set off of the aforesaid loss against the other income - Held that:- Set off claimed by the assessee cannot be denied by relying on the Explanation to section 73 of the Act and the decision of the Hon’ble Delhi High Court in the case of DLF Commercial Developers Ltd. (2013 (7) TMI 334 - DELHI HIGH COURT). The set off claimed by the assessee is therefore directed to be allowed. The appeal of the Assessee is accordingly allowed.
|