Allocation of business expenses amongst the speculation and ...

High Court Endorses 2:3 Profit-Volume Ratio for Allocating Business Expenses Between Speculation and Non-Speculation Activities.

July 5, 2013

Case Laws Income Tax HC

Allocation of business expenses amongst the speculation and non-speculation activities was not only necessary but inevitable - the basis of profit and volume of the business in the ratio of 2:3 is correct - HC

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Allocation of business expenses amongst the speculation and ...

High Court Endorses 2:3 Profit-Volume Ratio for Allocating Business Expenses Between Speculation and Non-Speculation Activities.

July 5, 2013

Case Laws Income Tax HC

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