Speculation business or not – - once a company is categorized as ...

Case Laws Income Tax

January 7, 2015

Speculation business or not – - once a company is categorized as the one carrying on speculation business, an act of segregation needs to be undertaken - the entire loss incurred by the company does not disqualify for set off against profits from other activities - HC

View Source

← Previous Next →

Speculation business or not – - once a company is categorized as ...

Case Laws Income Tax

January 7, 2015

You may also like:

Expenditure incurred by subsidiary company for overseeing and executing contracts entered by parent company cannot be considered as business loss of subsidiary....

Amalgamated company is entitled to set off and carry forward the brought forward business losses and unabsorbed depreciation of the amalgamating company from the very...

TP Adjustment - It is not the case that the assessee which is carrying on forwarding chain business has paid the management services for some other unrelated business...

Speculation business - The words "carried on" stated in Section 73 mean actual carrying of the activity and it has to be read in context of what actually was done by the...

Lesser penalties for One Person Companies or small companies - lesser penalties (not be more than one-half) for one person companies and small companies - Section 446B...

Whenever Fraud on a Creditor is perpetrated in the course of carrying on Business, it does not necessarily follow that the Business is being carried on with an Intent to...

Set off of business losses - The expression “any“ business clearly includes all businesses, without making any distinction between speculation and non-speculation...

Speculation business - there is a vital difference between "creation" and "transfer" of shares - allotment of shares cannot be termed as purchase - the assessee cannot...

Set off of brought forward non speculative loss against the current years speculative income - Set off of loss from one head against income from another - there is no...

Facilitating certain strategic disinvestment - Definition of "strategic Investment" has been amended to include sale of sharholding by CG/SG/PSU in a Public company or a...

Whether the activity of transportation services, that is carrying employees of companies from specific points to the factory/establishment and back can be categorized...

Disallowance of expenditure claimed under the head "Business" - proof of commencement of business - the generation of actual business income was not an essential element...

GST on Services of Business Facilitator (BF) or a Business Correspondent(BC) to Banking Company.

GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company

Denial of claim of loss or to categorize certain expenses as pre-operative expenses - commencement of business during the year - assessee’s business was ‘set up’ or not...

Quick Updates: