https://www.taxtmi.com/caselaws?id=151646 The Tribunal held that the loss arising from the valuation of shares should be treated as speculation loss under the Explanation to section 73 of the Income-tax Act, 1961. The Commissioner of Income-tax (Appeals)'s direction to treat the loss as a business loss was overturned, and the Revenue's appeal was allowed. The loss was deemed to be speculation loss, not a business loss, resulting in the loss being treated accordingly for tax purposes. en-us Fri, 18 Dec 2009 00:00:00 +0530 Tue, 11 Jun 2013 12:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151646 The Tribunal held that the loss arising from the valuation of shares should be treated as speculation loss under the Explanation to section 73 of the Income-tax Act, 1961. The Commissioner of Income-tax (Appeals)'s direction to treat the loss as a business loss was overturned, and the Revenue's appeal was allowed. The loss was deemed to be speculation loss, not a business loss, resulting in the loss being treated accordingly for tax purposes. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151646