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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Since assessee was trading at un-recognised stock exchange, ...

Income Tax

March 17, 2018

Since assessee was trading at un-recognised stock exchange, therefore, income arising out of trading of commodities at such unrecognized stock exchange also amounts to speculation income, therefore, there is nothing wrong for allowing set off speculation loss against speculation income and for carry forward of unabsorbed speculative loss to be set off against the future speculation income - AT

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