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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Treatment of loss - as the activity of the assessee of share ...


Share Trading as Composite Business: Profits and Losses Cannot Be Separated Under Explanation to Section 73 of Income Tax Act.

March 17, 2018

Case Laws     Income Tax     AT

Treatment of loss - as the activity of the assessee of share trading which was carried on its own account and on behalf of the client formed single composite indivisible business and the profit or loss of the same could not be artificially bifurcated for the purpose of Explanation to Section 73 - AT

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