https://www.taxtmi.com/highlights?id=3910 Speculation business - The words "carried on" stated in Section 73 mean actual carrying of the activity and it has to be read in context of what actually was done by the company in the relevant year, rather than what was main object in the Memorandum of Association of the company. - HC en-us Sun, 03 Jun 2012 09:41:32 +0530 Sun, 03 Jun 2012 09:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=3910 Speculation business - The words "carried on" stated in Section 73 mean actual carrying of the activity and it has to be read in context of what actually was done by the company in the relevant year, rather than what was main object in the Memorandum of Association of the company. - HC Highlights Income Tax Sun, 03 Jun 2012 09:41:32 +0530 https://www.taxtmi.com/highlights?id=3910