Share Dealing Loss Not Set Off as Business Loss; Assessee Primarily Engaged in Loans, Exempt from Section 73 Explanation.

Benefit of set off of loss in share dealing by treating the same as business loss - what constitutes principal business will essentially depend on the facts and circumstances of each case - the principal or dominant business of the assessee was granting loans & advances and thereby the assessee falls outside the ambit of the Explanation to Sec. 73 .....

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