https://www.taxtmi.com/caselaws?id=372565 The High Court affirmed the decisions of the lower authorities, holding that the loss of Rs. 2.64 crores on bullion trading was a business loss, not speculative. The court found that actual delivery of bullion had occurred, allowing for the set off of the loss against profits from consultancy business. The appeal was dismissed with no order as to costs, as no substantial question of law was found to arise from the case. en-us Sat, 24 Nov 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:25:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372565 The High Court affirmed the decisions of the lower authorities, holding that the loss of Rs. 2.64 crores on bullion trading was a business loss, not speculative. The court found that actual delivery of bullion had occurred, allowing for the set off of the loss against profits from consultancy business. The appeal was dismissed with no order as to costs, as no substantial question of law was found to arise from the case. Case-Laws Income Tax Sat, 24 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372565