https://www.taxtmi.com/caselaws?id=234550 The tribunal upheld the decision to treat the company's income from trading shares as speculative activity under section 73 of the Income Tax Act. The Assessing Officer's treatment was supported, directing the allowance of carry forward of losses as per the Act. All appeals were allowed for statistical purposes, with the issue disposed of in favor of the Assessing Officer's decision regarding the treatment of income. en-us Thu, 28 Mar 2013 00:00:00 +0530 Fri, 24 Apr 2015 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234550 The tribunal upheld the decision to treat the company's income from trading shares as speculative activity under section 73 of the Income Tax Act. The Assessing Officer's treatment was supported, directing the allowance of carry forward of losses as per the Act. All appeals were allowed for statistical purposes, with the issue disposed of in favor of the Assessing Officer's decision regarding the treatment of income. Case-Laws Income Tax Thu, 28 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234550