Benefit of set off of loss in share dealing by treating the same ...

Share Dealing Loss Not Set Off as Business Loss; Assessee Primarily Engaged in Loans, Exempt from Section 73 Explanation.

November 26, 2019

Case Laws Income Tax AT

Benefit of set off of loss in share dealing by treating the same as business loss - what constitutes principal business will essentially depend on the facts and circumstances of each case - the principal or dominant business of the assessee was granting loans & advances and thereby the assessee falls outside the ambit of the Explanation to Sec. 73

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Benefit of set off of loss in share dealing by treating the same ...

Share Dealing Loss Not Set Off as Business Loss; Assessee Primarily Engaged in Loans, Exempt from Section 73 Explanation.

November 26, 2019

Case Laws Income Tax AT

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