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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Allowability of set off of speculation losses against business ...


Speculation Business Losses Set Off Against Business Income Valid as AO Previously Accepted Speculation Nature.

December 16, 2014

Case Laws     Income Tax     AT

Allowability of set off of speculation losses against business income – the income or loss derived by the assessee company is from speculation business which was accepted by the AO in the earlier years - set off cannot be denied - AT

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