https://www.taxtmi.com/highlights?id=37377 Valuation loss treated as speculation loss - It is a fact that shares traded by the assessee were not of any of the good companies. The assessee had in the normal course of business purchased the shares. Because of the turmoil in the share market in the year under consideration the assessee suffered huge loss. It was valuing its stock on cost or market price whichever was lower and had accordingly valued the shares. The resultant loss, in these circumstances, cannot be considered speculative loss - AT en-us Thu, 04 Jan 2018 18:35:06 +0530 Thu, 04 Jan 2018 18:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37377 Valuation loss treated as speculation loss - It is a fact that shares traded by the assessee were not of any of the good companies. The assessee had in the normal course of business purchased the shares. Because of the turmoil in the share market in the year under consideration the assessee suffered huge loss. It was valuing its stock on cost or market price whichever was lower and had accordingly valued the shares. The resultant loss, in these circumstances, cannot be considered speculative loss - AT Highlights Income Tax Thu, 04 Jan 2018 18:35:06 +0530 https://www.taxtmi.com/highlights?id=37377