Section 73 Discussed: Business Loss on Investment Sales Shouldn't Be Intentional; Speculative Treatment is Subjective by Assessing Officer. https://www.taxtmi.com/highlights?id=26928 Invocation of provisions of section 73 - Loss on sale of investment - No wise businessman will suffer loss neither there is intention to suffer loss rather the investment is gainfully made for earning income, thus, treating the business transaction as speculative in nature is the subjective approach of the Assessing Officer. - AT en-us Fri, 15 Jan 2016 14:36:30 +0530 Fri, 15 Jan 2016 14:36:30 +0530 TaxTMI RSS Generator Section 73 Discussed: Business Loss on Investment Sales Shouldn't Be Intentional; Speculative Treatment is Subjective by Assessing Officer. https://www.taxtmi.com/highlights?id=26928 Invocation of provisions of section 73 - Loss on sale of investment - No wise businessman will suffer loss neither there is intention to suffer loss rather the investment is gainfully made for earning income, thus, treating the business transaction as speculative in nature is the subjective approach of the Assessing Officer. - AT Highlights Income Tax Fri, 15 Jan 2016 14:36:30 +0530 https://www.taxtmi.com/highlights?id=26928