https://www.taxtmi.com/caselaws?id=188624 The assessee's appeal was allowed regarding the deduction for professional charges and treatment of speculation loss, as the Tribunal agreed that the loss was not speculation loss due to it being a solitary investment transaction. The Revenue's appeal was partly allowed concerning the disallowance under Section 37(2A) related to entertainment expenditure, with the disallowance being reduced to Rs. 8,000 on an estimated basis. The decisions were based on detailed arguments and interpretations of relevant legal provisions. en-us Wed, 12 Feb 1997 00:00:00 +0530 Fri, 09 Dec 2016 16:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188624 The assessee's appeal was allowed regarding the deduction for professional charges and treatment of speculation loss, as the Tribunal agreed that the loss was not speculation loss due to it being a solitary investment transaction. The Revenue's appeal was partly allowed concerning the disallowance under Section 37(2A) related to entertainment expenditure, with the disallowance being reduced to Rs. 8,000 on an estimated basis. The decisions were based on detailed arguments and interpretations of relevant legal provisions. Case-Laws Income Tax Wed, 12 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188624