The activity of purchase and sale of shares carried out with ...

Shares Trading Losses Deemed Speculation u/s 73; Losses Cannot Offset Business Income.

February 17, 2017

Case Laws Income Tax AT

The activity of purchase and sale of shares carried out with assessee for the purpose of section 73 is a speculation business activity and, accordingly, the loss suffered from the activity of purchase and sale of shares cannot be allowed to set off against the business income. - AT

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The activity of purchase and sale of shares carried out with ...

Shares Trading Losses Deemed Speculation u/s 73; Losses Cannot Offset Business Income.

February 17, 2017

Case Laws Income Tax AT

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