Since assessee was trading at un-recognised stock exchange, ...

Unrecognized Stock Trading: Speculative Income Allows Offsetting and Carry Forward of Speculative Losses.

March 17, 2018

Case Laws Income Tax AT

Since assessee was trading at un-recognised stock exchange, therefore, income arising out of trading of commodities at such unrecognized stock exchange also amounts to speculation income, therefore, there is nothing wrong for allowing set off speculation loss against speculation income and for carry forward of unabsorbed speculative loss to be set off against the future speculation income - AT

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Since assessee was trading at un-recognised stock exchange, ...

Unrecognized Stock Trading: Speculative Income Allows Offsetting and Carry Forward of Speculative Losses.

March 17, 2018

Case Laws Income Tax AT

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