https://www.taxtmi.com/caselaws?id=235574 The ITAT allowed the assessee's appeal in the case, directing the AO to allow the loss on transactions backed by delivery, disallowance of legal fees under section 40(a)(ia) was found erroneous, interest income was treated as business income not 'income from other sources', business loss was not considered speculation loss, expenses claimed were allowed for carry forward, and interest under section 234B was deemed consequential without requiring adjudication. The ITAT pronounced the order in an open court on 12th July 2013. en-us Fri, 12 Jul 2013 00:00:00 +0530 Sat, 27 Jul 2013 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235574 The ITAT allowed the assessee's appeal in the case, directing the AO to allow the loss on transactions backed by delivery, disallowance of legal fees under section 40(a)(ia) was found erroneous, interest income was treated as business income not 'income from other sources', business loss was not considered speculation loss, expenses claimed were allowed for carry forward, and interest under section 234B was deemed consequential without requiring adjudication. The ITAT pronounced the order in an open court on 12th July 2013. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235574