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2011 (8) TMI 1124 - GUJARAT HIGH COURTSet off of the dividend income against the speculation loss - “dividend” is placed under the head “Income from other sources” - Held that:- As already reproduced it has been consistently held from material on record that shares were held by the assessee as stockintrade. CIT(Appeals) as well as tribunal therefore, were of the opinion that dividend income was incidental to share business and that therefore, irrespective of provisions contained in Section 56 of the Act and explanation to section 73, loss should be adjusted against such business income.
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