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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Deemed speculation loss u/s 73 - it could be safely concluded ...


Stock Broker Business Treated as Single Entity u/s 73 for Unified Tax Assessment of Speculation Losses.

July 13, 2016

Case Laws     Income Tax     AT

Deemed speculation loss u/s 73 - it could be safely concluded that the entire business of the stock broker constituted as one single composite indivisible business and therefore income or loss cannot be artificially bifurcated. - AT

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