https://www.taxtmi.com/caselaws?id=277180 The High Court upheld the decision that the loss of Rs. 2.64 crores on bullion trading for Assessment Year 2008-09 was a normal business loss, not speculative, based on evidence of actual delivery of gold, as supported by parties involved and delivery notes. The appeal by the Revenue challenging this treatment was dismissed without costs, as the court found the issue not substantial. en-us Thu, 24 Nov 2016 00:00:00 +0530 Wed, 28 Nov 2018 06:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277180 The High Court upheld the decision that the loss of Rs. 2.64 crores on bullion trading for Assessment Year 2008-09 was a normal business loss, not speculative, based on evidence of actual delivery of gold, as supported by parties involved and delivery notes. The appeal by the Revenue challenging this treatment was dismissed without costs, as the court found the issue not substantial. Case-Laws Income Tax Thu, 24 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277180