Allowability of set off of speculation losses against business ...

Income Tax

December 16, 2014

Allowability of set off of speculation losses against business income – the income or loss derived by the assessee company is from speculation business which was accepted by the AO in the earlier years - set off cannot be denied - AT

View Source

← Previous Next →

Allowability of set off of speculation losses against business ...

Income Tax

December 16, 2014

You may also like:

Disallowance of set-off loss on derivative trading - can not be held as loss from speculation business, simply because procedural mechanism has taken a long time to...

Set off of business losses - The expression “any“ business clearly includes all businesses, without making any distinction between speculation and non-speculation...

The brought forward business loss is to be allowed set off of against the speculation income assessable for the current year - AT

Set-off of losses in share trading - The assessee would not be deemed to be carrying on a speculation business for the purpose of section 73(1) - HC

Set off of brought forward non speculative loss against the current years speculative income - Set off of loss from one head against income from another - there is no...

Losses incurred by the assessee from F & O operations - Speculation loss or business loss - Loss incurred on account of derivatives would be deemed business loss under...

Set off of losses against income from STP units - the loss from other business activities should not be set off against profits derived from eligible industrial undertaking - AT

Assessing Officer directed to allow set off of current year's business loss as well as the brought forward business loss/unabsorbed depreciation against the income...

Disallowance u/s 14A - Carry forward of business loss – setting off carry forward business losses now depends on the finality of the addition made by Assessing Officer...

Clarification regarding non-allowability of set-off of losses against the deemed income under section 115BBE of the Income-tax Act, 1961 prior to assessment-year 2017-18

Quick Updates: