https://www.taxtmi.com/caselaws?id=122683 The Tribunal upheld the CIT(A)'s decision, confirming that the assessee-company was not subject to Explanation to Section 73 as its principal business was granting loans and advances. The loss from share transactions was considered a business loss, not a speculation loss. The revenue's appeal was dismissed. en-us Fri, 13 Nov 2009 00:00:00 +0530 Thu, 16 Aug 2012 15:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122683 The Tribunal upheld the CIT(A)'s decision, confirming that the assessee-company was not subject to Explanation to Section 73 as its principal business was granting loans and advances. The loss from share transactions was considered a business loss, not a speculation loss. The revenue's appeal was dismissed. Case-Laws Income Tax Fri, 13 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122683