Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1975 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1975 (5) TMI 20 - AT - Income TaxExtract: .......of speculative transactions. Such losses or profits can be adjusted and carried forward like any other ordinary commercial profits or loss. This passage gives the complete answer to every one of the points raised by the lower authorities against the assessee s claim. The assessee s contention must hence be upheld. The appeal is accordingly allowed.
|