https://www.taxtmi.com/caselaws?id=213862 The tribunal upheld the decision of the Ld. CIT(A) to allow the set off of brought forward speculation losses against speculative income. The tribunal also dismissed the revenue's appeal challenging the treatment of short term capital gain as business income, emphasizing the importance of logical income computation and the benefit of deductions like Security Transaction Tax (STT) under relevant tax provisions. en-us Fri, 13 Apr 2012 00:00:00 +0530 Sat, 09 Jun 2012 07:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213862 The tribunal upheld the decision of the Ld. CIT(A) to allow the set off of brought forward speculation losses against speculative income. The tribunal also dismissed the revenue's appeal challenging the treatment of short term capital gain as business income, emphasizing the importance of logical income computation and the benefit of deductions like Security Transaction Tax (STT) under relevant tax provisions. Case-Laws Income Tax Fri, 13 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213862