TMI BlogPending Allotment of NCSD Not Commodities; Sale Not Speculative, Ruled Capital Loss u/s 43(5) IT Act.Whether pending allotment of NCSD would qualify as “commodities“ u/s 43(5) – whether its sale is Speculative transaction or Capital loss - PCD issued to existing shareholders - decided in favor of assessee - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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