https://www.taxtmi.com/caselaws?id=205287 The Tribunal held that the assessee, engaged in granting loans and advances, falls under the exempted category in Explanation to Section 73(1) of the Income Tax Act. Consequently, the loss from share trading was deemed a normal business loss, not speculation loss. The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. en-us Fri, 19 Nov 2010 00:00:00 +0530 Thu, 28 Jul 2011 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205287 The Tribunal held that the assessee, engaged in granting loans and advances, falls under the exempted category in Explanation to Section 73(1) of the Income Tax Act. Consequently, the loss from share trading was deemed a normal business loss, not speculation loss. The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205287