https://www.taxtmi.com/caselaws?id=118732 The Tribunal ruled in favor of the assessee, directing the Assessing Officer to treat the share trading loss as a business loss rather than a speculation loss under section 73. Additionally, the Tribunal instructed the AO to allow the compensation payment claimed in the assessment year 1996-97 as a business loss, emphasizing the interconnected nature of the payment with the sale of assets. The Tribunal criticized the AO for not providing the assessee with a fair opportunity to challenge the transaction denial, highlighting a violation of natural justice principles. en-us Tue, 18 Oct 2005 00:00:00 +0530 Thu, 05 Jul 2012 13:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118732 The Tribunal ruled in favor of the assessee, directing the Assessing Officer to treat the share trading loss as a business loss rather than a speculation loss under section 73. Additionally, the Tribunal instructed the AO to allow the compensation payment claimed in the assessment year 1996-97 as a business loss, emphasizing the interconnected nature of the payment with the sale of assets. The Tribunal criticized the AO for not providing the assessee with a fair opportunity to challenge the transaction denial, highlighting a violation of natural justice principles. Case-Laws Income Tax Tue, 18 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118732