https://www.taxtmi.com/caselaws?id=210218 The Tribunal determined that the appellant company's principal business was granting loans and advances, including bill rediscounting, not trading in shares. As a result, the provisions of Explanation to Section 73 were deemed inapplicable. The Tribunal overturned the CIT(A)'s decision, removing the speculation loss addition and ruling in favor of the appellant. en-us Wed, 22 Jun 2011 00:00:00 +0530 Wed, 25 Apr 2012 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210218 The Tribunal determined that the appellant company's principal business was granting loans and advances, including bill rediscounting, not trading in shares. As a result, the provisions of Explanation to Section 73 were deemed inapplicable. The Tribunal overturned the CIT(A)'s decision, removing the speculation loss addition and ruling in favor of the appellant. Case-Laws Income Tax Wed, 22 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210218