https://www.taxtmi.com/caselaws?id=353506 The Tribunal partially allowed the appeal by the individual advocate, ruling in favor of the appellant on both issues raised. Regarding the disallowance of loss due to embezzlement during share trading business, the Tribunal allowed the deduction based on evidence proving negligence by the securities company. Additionally, the Tribunal allowed the deduction for interest on margin funding in Future and Option Trading of Share, directing the AO to treat it as a revenue expenditure. en-us Wed, 03 Jan 2018 00:00:00 +0530 Fri, 20 Feb 2026 17:03:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353506 The Tribunal partially allowed the appeal by the individual advocate, ruling in favor of the appellant on both issues raised. Regarding the disallowance of loss due to embezzlement during share trading business, the Tribunal allowed the deduction based on evidence proving negligence by the securities company. Additionally, the Tribunal allowed the deduction for interest on margin funding in Future and Option Trading of Share, directing the AO to treat it as a revenue expenditure. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353506