https://www.taxtmi.com/caselaws?id=325402 The Tribunal allowed the assessee's appeal, recognizing the speculation loss as genuine, directing its consideration in income computation under regular provisions and Section 115JB of the Income Tax Act. The decision emphasized the significance of substantive evidence and adherence to statutory provisions in tax assessments, overturning lower authorities' disallowance based on broker expulsion and lack of gains. en-us Wed, 03 Feb 2016 00:00:00 +0530 Fri, 18 Mar 2016 08:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325402 The Tribunal allowed the assessee's appeal, recognizing the speculation loss as genuine, directing its consideration in income computation under regular provisions and Section 115JB of the Income Tax Act. The decision emphasized the significance of substantive evidence and adherence to statutory provisions in tax assessments, overturning lower authorities' disallowance based on broker expulsion and lack of gains. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325402