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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Speculation loss disallowed – If the assessee has actually taken ...


Speculation Loss Disallowed: Actual Pepper Delivery Excludes Section 43(5) Speculative Transaction Provisions Under Income Tax Act.

November 10, 2014

Case Laws     Income Tax     AT

Speculation loss disallowed – If the assessee has actually taken delivery of pepper and thereafter sold it, then the provisions of sec. 43(5) cannot be applied- AT

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