https://www.taxtmi.com/caselaws?id=117668 The Tribunal remanded the case to the Assessing Officer for a fresh determination regarding the disallowance of Rs. 18,48,516 as speculative loss under section 43(5) of the Income-tax Act, 1961. The Tribunal instructed a review of the Stock Exchange settlement procedures and Contract Notes to assess constructive delivery of shares. The Assessing Officer must allow the assessee a fair opportunity to present their case. The appeal was allowed for statistical purposes. en-us Mon, 31 Jan 2005 00:00:00 +0530 Mon, 10 Jun 2024 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117668 The Tribunal remanded the case to the Assessing Officer for a fresh determination regarding the disallowance of Rs. 18,48,516 as speculative loss under section 43(5) of the Income-tax Act, 1961. The Tribunal instructed a review of the Stock Exchange settlement procedures and Contract Notes to assess constructive delivery of shares. The Assessing Officer must allow the assessee a fair opportunity to present their case. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117668