Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1979 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1979 (2) TMI 32 - HC - Income TaxExtract: ......., up to 20th June, 1952, fell within the definition of speculative transactions and were not saved by the proviso (a) to Explanation 2 to section 24(1) for claiming loss of Rs. 1,68,731 ? The question reframed is answered in the affirmative on both the points and against the assessee. The assessee will pay to the revenue the costs of the reference.
|