https://www.taxtmi.com/caselaws?id=117877 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal, reducing the speculative loss to Rs. 75,000 and confirming the disallowance of Rs. 16,92,610 as speculative loss. The decision emphasizes the significance of providing concrete evidence to support claims and the careful examination required to differentiate between speculative and business transactions. en-us Mon, 27 Sep 2004 00:00:00 +0530 Wed, 27 Jun 2012 11:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117877 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal, reducing the speculative loss to Rs. 75,000 and confirming the disallowance of Rs. 16,92,610 as speculative loss. The decision emphasizes the significance of providing concrete evidence to support claims and the careful examination required to differentiate between speculative and business transactions. Case-Laws Income Tax Mon, 27 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117877