https://www.taxtmi.com/caselaws?id=251135 The Tribunal found that the purchase transactions of shares of Limtex Investment Ltd. were genuine and classified as stock in trade, not speculative. The transactions were considered non-speculative as actual delivery of shares was received. Consequently, the Tribunal upheld the decision to delete the addition made by the Assessing Officer for the disallowance of loss in shares, allowing the full deduction of the loss amounting to Rs. 40,01,670. en-us Tue, 22 Jul 2014 00:00:00 +0530 Fri, 05 Sep 2014 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251135 The Tribunal found that the purchase transactions of shares of Limtex Investment Ltd. were genuine and classified as stock in trade, not speculative. The transactions were considered non-speculative as actual delivery of shares was received. Consequently, the Tribunal upheld the decision to delete the addition made by the Assessing Officer for the disallowance of loss in shares, allowing the full deduction of the loss amounting to Rs. 40,01,670. Case-Laws Income Tax Tue, 22 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251135