https://www.taxtmi.com/caselaws?id=177951 A claim to set off speculative loss failed because the assessee did not produce reliable contemporaneous records, including a complete sauda bahi or equivalent record of all speculative transactions. The authorities treated the defect as evidentiary: vouchers alone did not prove that the full transaction set, including profit-making trades, had been disclosed, and prior acceptance of similar accounts in earlier years did not bind the Department. On those facts, rejection of the loss claim was upheld as a factual finding, and no question of law was held to arise. en-us Wed, 30 May 1951 00:00:00 +0530 Fri, 22 Jan 2016 15:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177951 A claim to set off speculative loss failed because the assessee did not produce reliable contemporaneous records, including a complete sauda bahi or equivalent record of all speculative transactions. The authorities treated the defect as evidentiary: vouchers alone did not prove that the full transaction set, including profit-making trades, had been disclosed, and prior acceptance of similar accounts in earlier years did not bind the Department. On those facts, rejection of the loss claim was upheld as a factual finding, and no question of law was held to arise. Case-Laws Income Tax Wed, 30 May 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177951