Bombay High Court Dismisses Revenue's Appeal in Income Tax Case on Set-off of Speculation Loss Against Delivery-Based Share Profits. Explanation to Section 73 of Income Tax Act, 1961 Deems Delivery-Based Share Transactions as Speculation Business for Companies, Allowing Set-off of Brought Forward Speculation Loss.
16 Feb 2010The case involved an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal (ITAT...
