https://www.taxtmi.com/caselaws?id=211933 The Tribunal upheld the CIT (A)'s decision that the loss incurred by the assessee in share transactions was a business loss, not speculative under Explanation to Section 73 of the Income Tax Act, 1961. The transactions were genuine, conducted in the normal course of business on behalf of clients, and not part of the assessee's business of dealing in shares for profit. The appeal of the Revenue was dismissed. en-us Thu, 09 Feb 2012 00:00:00 +0530 Tue, 10 Apr 2012 21:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211933 The Tribunal upheld the CIT (A)'s decision that the loss incurred by the assessee in share transactions was a business loss, not speculative under Explanation to Section 73 of the Income Tax Act, 1961. The transactions were genuine, conducted in the normal course of business on behalf of clients, and not part of the assessee's business of dealing in shares for profit. The appeal of the Revenue was dismissed. Case-Laws Income Tax Thu, 09 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211933