https://www.taxtmi.com/caselaws?id=340824 The tribunal allowed the appeal filed by the assessee, treating the valuation loss on stock of shares as a business loss and not a speculative loss. It also dismissed the AO's appeal, thereby deleting the penalty levied under Section 271(1)(c) for furnishing inaccurate particulars of income. en-us Fri, 24 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340824 The tribunal allowed the appeal filed by the assessee, treating the valuation loss on stock of shares as a business loss and not a speculative loss. It also dismissed the AO's appeal, thereby deleting the penalty levied under Section 271(1)(c) for furnishing inaccurate particulars of income. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340824