https://www.taxtmi.com/caselaws?id=326470 The Tribunal dismissed the assessee's appeal, affirming the treatment of the share trading loss as speculation loss under Explanation to Section 73. The challenge to the AO's jurisdiction under Section 153A was also dismissed, as the intimation under Section 143(1) did not constitute a completed assessment. The Tribunal upheld the CIT(A)'s finding that the share trading loss was genuine, based on established identities of companies and transaction genuineness through proper documentation. Both the assessee and revenue appeals were dismissed in the Court order dated 02.03.2016. en-us Wed, 02 Mar 2016 00:00:00 +0530 Sat, 16 Apr 2016 10:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326470 The Tribunal dismissed the assessee's appeal, affirming the treatment of the share trading loss as speculation loss under Explanation to Section 73. The challenge to the AO's jurisdiction under Section 153A was also dismissed, as the intimation under Section 143(1) did not constitute a completed assessment. The Tribunal upheld the CIT(A)'s finding that the share trading loss was genuine, based on established identities of companies and transaction genuineness through proper documentation. Both the assessee and revenue appeals were dismissed in the Court order dated 02.03.2016. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326470