https://www.taxtmi.com/caselaws?id=175877 The Tribunal confirmed that dividend income from shares held as stock-in-trade is part of business income. However, brokerage income earned as a share broker cannot be set off against speculation loss. The computation of speculation loss was adjusted, and the carry forward of losses from earlier years was allowed. The interest charged under section 234B was deemed consequential. The appeal and cross-objection were partly allowed, with the Tribunal upholding the treatment of dividend and kasar income but reversing the decision on brokerage income. en-us Fri, 24 Jul 2009 00:00:00 +0530 Tue, 08 Dec 2015 10:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175877 The Tribunal confirmed that dividend income from shares held as stock-in-trade is part of business income. However, brokerage income earned as a share broker cannot be set off against speculation loss. The computation of speculation loss was adjusted, and the carry forward of losses from earlier years was allowed. The interest charged under section 234B was deemed consequential. The appeal and cross-objection were partly allowed, with the Tribunal upholding the treatment of dividend and kasar income but reversing the decision on brokerage income. Case-Laws Income Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175877