https://www.taxtmi.com/caselaws?id=244199 The High Court upheld the Tribunal's decision, allowing the appeal regarding the deletion of share trading loss treated as speculative loss and the deletion of enhancement on account of accrued interest on loans. The Court emphasized that the assessee's income sources did not fall under the purview of the explanation to section 73 of the Income Tax Act, as the assessee was not engaged in the business of advancing loans. Consequently, the Court dismissed the Tax Appeal, affirming the Tribunal's decision on both issues. en-us Tue, 04 Feb 2014 00:00:00 +0530 Sat, 05 Apr 2014 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244199 The High Court upheld the Tribunal's decision, allowing the appeal regarding the deletion of share trading loss treated as speculative loss and the deletion of enhancement on account of accrued interest on loans. The Court emphasized that the assessee's income sources did not fall under the purview of the explanation to section 73 of the Income Tax Act, as the assessee was not engaged in the business of advancing loans. Consequently, the Court dismissed the Tax Appeal, affirming the Tribunal's decision on both issues. Case-Laws Income Tax Tue, 04 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244199