Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1983 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1983 (4) TMI 103 - ITAT HYDERABAD-BExtract: .......cision of Davenport and Co. (P.) Ltd. s case is wrong as the facts of the latter case are easily distinguishable. Besides on facts found by us in paragraph 4 supra, we hold that the transactions are not speculative and that the assessee is entitled to the loss of Rs. 45,677 as a normal business loss. 8. The appeal is allowed. Relief due Rs. 45,677.
|