https://www.taxtmi.com/caselaws?id=183000 The Tribunal ruled in favor of the assessee, directing the Assessing Officer to allow the set off of the speculation loss brought forward from the assessment year 2001-02 against the speculation profits for the year under appeal. The Tribunal emphasized the preservation of vested rights unless expressly revoked and found no provision limiting the carry forward period to four years, thus upholding the assessee's claim for an eight-year carry forward period for speculation losses. en-us Mon, 31 May 2010 00:00:00 +0530 Wed, 25 May 2016 18:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183000 The Tribunal ruled in favor of the assessee, directing the Assessing Officer to allow the set off of the speculation loss brought forward from the assessment year 2001-02 against the speculation profits for the year under appeal. The Tribunal emphasized the preservation of vested rights unless expressly revoked and found no provision limiting the carry forward period to four years, thus upholding the assessee's claim for an eight-year carry forward period for speculation losses. Case-Laws Income Tax Mon, 31 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183000