https://www.taxtmi.com/caselaws?id=270779 The appeal of the Revenue was dismissed in its entirety. The Tribunal upheld the decision of the First Appellate Authority, concluding that the loss on the sale of investments should be treated as a business loss, not speculation loss. The allocation of expenses towards speculative business was found to be without merit, and the claim under section 36(1)(va) was allowed as the payment was made within the grace period. en-us Mon, 26 Oct 2015 00:00:00 +0530 Thu, 14 Jan 2016 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270779 The appeal of the Revenue was dismissed in its entirety. The Tribunal upheld the decision of the First Appellate Authority, concluding that the loss on the sale of investments should be treated as a business loss, not speculation loss. The allocation of expenses towards speculative business was found to be without merit, and the claim under section 36(1)(va) was allowed as the payment was made within the grace period. Case-Laws Income Tax Mon, 26 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270779