Invocation of provisions of section 73 - Loss on sale of ...

Case Laws Income Tax

January 15, 2016

Invocation of provisions of section 73 - Loss on sale of investment - No wise businessman will suffer loss neither there is intention to suffer loss rather the investment is gainfully made for earning income, thus, treating the business transaction as speculative in nature is the subjective approach of the Assessing Officer. - AT

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Invocation of provisions of section 73 - Loss on sale of ...

Case Laws Income Tax

January 15, 2016

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