https://www.taxtmi.com/caselaws?id=333480 The High Court upheld the Tribunal's decision that jobbing transactions aimed at preventing business loss are not speculative under Section 43(5)(c) of the Income Tax Act, 1961. The Court found no substantial question of law and dismissed the appeal in favor of the Respondent Assessee, clarifying the distinction between speculative and non-speculative transactions. en-us Wed, 07 Sep 2016 00:00:00 +0530 Fri, 14 Oct 2016 13:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333480 The High Court upheld the Tribunal's decision that jobbing transactions aimed at preventing business loss are not speculative under Section 43(5)(c) of the Income Tax Act, 1961. The Court found no substantial question of law and dismissed the appeal in favor of the Respondent Assessee, clarifying the distinction between speculative and non-speculative transactions. Case-Laws Income Tax Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333480