https://www.taxtmi.com/caselaws?id=221895 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A)'s decision regarding the treatment of the loss on shares of Divis Labs Ltd. as speculation loss and the deletion of the profit on TV Today shares from the assessee's income for the assessment year 2004-05. The cross objection by the assessee was also dismissed as uncontested by the Revenue. The Tribunal emphasized recognized business practices in share transactions and the absence of contradictory evidence from the Revenue, ruling in favor of the assessee. en-us Fri, 15 Feb 2013 00:00:00 +0530 Thu, 04 Apr 2013 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221895 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A)'s decision regarding the treatment of the loss on shares of Divis Labs Ltd. as speculation loss and the deletion of the profit on TV Today shares from the assessee's income for the assessment year 2004-05. The cross objection by the assessee was also dismissed as uncontested by the Revenue. The Tribunal emphasized recognized business practices in share transactions and the absence of contradictory evidence from the Revenue, ruling in favor of the assessee. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221895