https://www.taxtmi.com/highlights?id=29100 Addition of speculation loss - submission on behalf of Revenue negatived that provisions of UTI Act creates a fiction to make Unit Trust of India a deemed company and the income received on its unit by an assessee to be deemed dividend. Thus units are not shares. - HC en-us Sat, 07 May 2016 12:05:19 +0530 Sat, 07 May 2016 12:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29100 Addition of speculation loss - submission on behalf of Revenue negatived that provisions of UTI Act creates a fiction to make Unit Trust of India a deemed company and the income received on its unit by an assessee to be deemed dividend. Thus units are not shares. - HC Highlights Income Tax Sat, 07 May 2016 12:05:19 +0530 https://www.taxtmi.com/highlights?id=29100