https://www.taxtmi.com/caselaws?id=164042 The court confirmed the treatment of loss on the sale of securities as speculation loss. It restricted the deduction for marketing agent fees and disallowed SEBI turnover tax/fees. The provision for incentive was remitted for verification, and interest under sections 234B and 234D was clarified. Depreciation on the stock exchange card was deemed not allowable, and the disallowance of PF payment was remitted for further examination. Both the assessee's and the revenue's appeals were partly allowed. en-us Fri, 25 Jun 2010 00:00:00 +0530 Wed, 16 Apr 2014 16:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164042 The court confirmed the treatment of loss on the sale of securities as speculation loss. It restricted the deduction for marketing agent fees and disallowed SEBI turnover tax/fees. The provision for incentive was remitted for verification, and interest under sections 234B and 234D was clarified. Depreciation on the stock exchange card was deemed not allowable, and the disallowance of PF payment was remitted for further examination. Both the assessee's and the revenue's appeals were partly allowed. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164042