https://www.taxtmi.com/caselaws?id=178774 The Appellate Tribunal allowed the revenue's appeal, setting aside the CIT(A)'s decision to permit the set off of speculation loss against business income. The Tribunal found that the transaction involving the sale of shares without delivery was speculative, emphasizing the lack of evidence of share delivery and placing the onus on the assessee to prove delivery. Consequently, the CIT(A) was deemed to have erred in allowing the set off against short-term capital gain. en-us Thu, 26 Jan 2006 00:00:00 +0530 Fri, 12 Feb 2016 13:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178774 The Appellate Tribunal allowed the revenue's appeal, setting aside the CIT(A)'s decision to permit the set off of speculation loss against business income. The Tribunal found that the transaction involving the sale of shares without delivery was speculative, emphasizing the lack of evidence of share delivery and placing the onus on the assessee to prove delivery. Consequently, the CIT(A) was deemed to have erred in allowing the set off against short-term capital gain. Case-Laws Income Tax Thu, 26 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178774