https://www.taxtmi.com/caselaws?id=248571 The High Court of Calcutta upheld the Tribunal's decision, dismissing the revenue's appeal as lacking merit. The judgment clarified the interpretation of speculative transactions, the application of Section 73(1) for setting off losses, and the impact of the Explanation on share transactions in determining speculative business activities. en-us Wed, 12 Mar 2014 00:00:00 +0530 Thu, 19 Feb 2015 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248571 The High Court of Calcutta upheld the Tribunal's decision, dismissing the revenue's appeal as lacking merit. The judgment clarified the interpretation of speculative transactions, the application of Section 73(1) for setting off losses, and the impact of the Explanation on share transactions in determining speculative business activities. Case-Laws Income Tax Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248571