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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Disallowing a loss as a speculative loss - The Tribunal ought ...


High Court Overrules Tribunal's Remit on Speculative Loss Claim in Income Tax Case; Decision Deemed Inappropriate.

May 6, 2013

Case Laws     Income Tax     HC

Disallowing a loss as a speculative loss - The Tribunal ought not to have remitted the matter to the Assessing Officer for a consideration afresh on the issue of the said loss claim - HC

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