https://www.taxtmi.com/caselaws?id=255036 The Tribunal rectified its order to align with the judgment of the Bombay High Court, treating share transactions as speculative income in accordance with Section 73 of the Income Tax Act. The Commissioner's decision was upheld, dismissing the Revenue's appeal and allowing the Assessee's application for modifications. The case emphasized the significance of considering relevant case law in determining income nature from share transactions and the set off provisions' applicability for losses incurred. en-us Wed, 15 Oct 2014 00:00:00 +0530 Sat, 15 Nov 2014 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255036 The Tribunal rectified its order to align with the judgment of the Bombay High Court, treating share transactions as speculative income in accordance with Section 73 of the Income Tax Act. The Commissioner's decision was upheld, dismissing the Revenue's appeal and allowing the Assessee's application for modifications. The case emphasized the significance of considering relevant case law in determining income nature from share transactions and the set off provisions' applicability for losses incurred. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255036