Speculation business - The words "carried on" stated in Section ...

Section 73: "Carried On" Means Actual Conduct of Activities, Not Just Objectives in Memorandum of Association for Tax Purposes.

June 3, 2012

Case Laws Income Tax HC

Speculation business - The words "carried on" stated in Section 73 mean actual carrying of the activity and it has to be read in context of what actually was done by the company in the relevant year, rather than what was main object in the Memorandum of Association of the company. - HC

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Speculation business - The words "carried on" stated in Section ...

Section 73: "Carried On" Means Actual Conduct of Activities, Not Just Objectives in Memorandum of Association for Tax Purposes.

June 3, 2012

Case Laws Income Tax HC

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