https://www.taxtmi.com/caselaws?id=257991 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to treat the loss as a business loss instead of speculation loss, emphasizing the significant role of financing in the assessee's business activities. The Tribunal also confirmed the transactions with related parties as sham, based on discrepancies identified by the Assessing Officer. Consequently, the Tribunal dismissed all appeals for the Assessment Years 2007-08 and 2008-09, maintaining the decisions regarding the treatment of loss and the characterization of transactions as sham. en-us Tue, 17 Mar 2015 00:00:00 +0530 Wed, 03 Feb 2016 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257991 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to treat the loss as a business loss instead of speculation loss, emphasizing the significant role of financing in the assessee's business activities. The Tribunal also confirmed the transactions with related parties as sham, based on discrepancies identified by the Assessing Officer. Consequently, the Tribunal dismissed all appeals for the Assessment Years 2007-08 and 2008-09, maintaining the decisions regarding the treatment of loss and the characterization of transactions as sham. Case-Laws Income Tax Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257991