https://www.taxtmi.com/caselaws?id=345617 The appellate tribunal partially allowed the revenue's appeal, upholding the validity of reopening the assessment under section 147 for the Assessment Year 2006-07. Additionally, the tribunal directed a review of the allowability of set off of speculative loss against business income, instructing the assessing officer to determine if the transactions met the criteria of eligible transactions as defined in section 43(5)(d). en-us Tue, 07 Feb 2017 00:00:00 +0530 Sat, 22 Jul 2017 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345617 The appellate tribunal partially allowed the revenue's appeal, upholding the validity of reopening the assessment under section 147 for the Assessment Year 2006-07. Additionally, the tribunal directed a review of the allowability of set off of speculative loss against business income, instructing the assessing officer to determine if the transactions met the criteria of eligible transactions as defined in section 43(5)(d). Case-Laws Income Tax Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345617