https://www.taxtmi.com/caselaws?id=242876 The Tribunal ruled in favor of the assessee, holding that the loss of Rs. 8,53,030/- should not be treated as speculative. It determined that the assessee's entire business was non-speculative, considering the payment of turnover fees and settlement of transactions as per Stock Exchange guidelines. The Tribunal also found the assessee's engagement in jobbing, despite not being registered as a jobber, qualified for an exception under proviso (c) to Section 43(5). The Tribunal dismissed the Revenue's claims of transactions without actual delivery, affirming that the losses were non-speculative and in favor of the assessee. en-us Mon, 20 Jan 2014 00:00:00 +0530 Sat, 05 Apr 2014 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242876 The Tribunal ruled in favor of the assessee, holding that the loss of Rs. 8,53,030/- should not be treated as speculative. It determined that the assessee's entire business was non-speculative, considering the payment of turnover fees and settlement of transactions as per Stock Exchange guidelines. The Tribunal also found the assessee's engagement in jobbing, despite not being registered as a jobber, qualified for an exception under proviso (c) to Section 43(5). The Tribunal dismissed the Revenue's claims of transactions without actual delivery, affirming that the losses were non-speculative and in favor of the assessee. Case-Laws Income Tax Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242876