https://www.taxtmi.com/caselaws?id=179672 The Tribunal upheld the CIT(A)'s decision to treat the profit from the purchase and sale of shares as capital gains instead of speculation profit. However, the issue of set off and carry forward of speculative loss was remanded back to the AO for further consideration due to insufficient information provided by the assessee. The Revenue's appeal was partly allowed, with the Tribunal directing a fresh decision on the speculative loss issue. en-us Fri, 23 Apr 2010 00:00:00 +0530 Mon, 07 Mar 2016 18:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179672 The Tribunal upheld the CIT(A)'s decision to treat the profit from the purchase and sale of shares as capital gains instead of speculation profit. However, the issue of set off and carry forward of speculative loss was remanded back to the AO for further consideration due to insufficient information provided by the assessee. The Revenue's appeal was partly allowed, with the Tribunal directing a fresh decision on the speculative loss issue. Case-Laws Income Tax Fri, 23 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179672