Treatment of Losses as Speculative Losses - adjustment of loss ...

Case Laws Income Tax

June 9, 2023

Treatment of Losses as Speculative Losses - adjustment of loss under arbitrage transactions - The loss of one segment has to be allowed to be set-off against the other segment. In the case of the assessee, the entire transaction of purchase and sale of securities constitutes arbitrage & jobbing transactions as a whole and hence, these transactions are outside the purview of the speculative transaction. The explanation to Sec.73 would not apply to the case of the assessee - AT

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Treatment of Losses as Speculative Losses - adjustment of loss ...

Case Laws Income Tax

June 9, 2023

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