Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1967 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1967 (9) TMI 9 - HC - Income TaxAssessee claimed that he had incurred speculation loss as a set-off against possible trading losses due to fluctuations in the market price - ITO disallowed these speculation losses - AAC accepted the assessee`s contention and directed ITO to go into trading account and determine whether there are actual profits - Tribunal is justified in holding that enquiry must be limited to points arose in appeal
|