https://www.taxtmi.com/caselaws?id=220774 The Tribunal upheld the revenue's appeal, determining the share trading loss as speculation loss under the Explanation to section 73. The expenses related to share trading activities were disallowed based on the finding that the entire business of the assessee consisted of share trading, thus confirming the Assessing Officer's decision. The Tribunal's ruling was supported by relevant High Court judgments, ultimately resulting in the denial of the assessee's claim for normal business loss treatment and expense allocation. en-us Fri, 14 Dec 2012 00:00:00 +0530 Fri, 08 Feb 2013 06:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220774 The Tribunal upheld the revenue's appeal, determining the share trading loss as speculation loss under the Explanation to section 73. The expenses related to share trading activities were disallowed based on the finding that the entire business of the assessee consisted of share trading, thus confirming the Assessing Officer's decision. The Tribunal's ruling was supported by relevant High Court judgments, ultimately resulting in the denial of the assessee's claim for normal business loss treatment and expense allocation. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220774