Speculation loss u/s.73 - assessee had in the normal course of ...

Taxpayer's Stock Losses Not Speculative: Valuation Method Aligns with Section 73 of Income Tax Act.

March 28, 2017

Case Laws Income Tax AT

Speculation loss u/s.73 - assessee had in the normal course of business purchased the shares - Because of the turmoil in the share market in the year under consideration the assessee suffered huge loss.It was valuing its stock on cost or market price whichever was lower and had accordingly valued the shares - cannot be considered speculative loss - AT

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Speculation loss u/s.73 - assessee had in the normal course of ...

Taxpayer's Stock Losses Not Speculative: Valuation Method Aligns with Section 73 of Income Tax Act.

March 28, 2017

Case Laws Income Tax AT

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