Revision u/s 263 - set off of loss in speculation business ...

Income Tax

December 6, 2022

Revision u/s 263 - set off of loss in speculation business against business income - In the present case, the principle business of the assessee is trading in shares. Hence, deemed speculative loss from trading in shares is to be set off of against the business income of the assessee. This ground of the assessee is allowed. - AT

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Revision u/s 263 - set off of loss in speculation business ...

Income Tax

December 6, 2022

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