https://www.taxtmi.com/caselaws?id=180839 The Tribunal allowed the appeal of the assessee, overturning the classification of the loss as speculative and the disallowance of expenditure on V-Sat installation. The Tribunal held that the loss from trading in shares on its own account should not be treated as speculation loss and directed the carrying forward of the loss as per statutory provisions. Additionally, the Tribunal deemed the expenditure on V-Sat terminals as revenue in nature, instructing the Assessing Officer to allow it as a business expense. en-us Mon, 21 Nov 2011 00:00:00 +0530 Sat, 02 Apr 2016 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180839 The Tribunal allowed the appeal of the assessee, overturning the classification of the loss as speculative and the disallowance of expenditure on V-Sat installation. The Tribunal held that the loss from trading in shares on its own account should not be treated as speculation loss and directed the carrying forward of the loss as per statutory provisions. Additionally, the Tribunal deemed the expenditure on V-Sat terminals as revenue in nature, instructing the Assessing Officer to allow it as a business expense. Case-Laws Income Tax Mon, 21 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180839