https://www.taxtmi.com/caselaws?id=379311 The court set aside the Tribunal's order and remanded the case for fresh consideration. The Tribunal is directed to scrutinize the relevant facts and evidence, including the audit report and balance sheet, to determine whether the principal business of the assessee is granting loans and advances or share trading. If the Tribunal concludes that the principal business is granting loans and advances, it should allow the set off of the share trading loss as business loss. The Tribunal is instructed to dispose of the appeal within six months from the date of communication of this order. No order as to costs was made. en-us Wed, 24 Apr 2019 00:00:00 +0530 Tue, 19 Nov 2019 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379311 The court set aside the Tribunal's order and remanded the case for fresh consideration. The Tribunal is directed to scrutinize the relevant facts and evidence, including the audit report and balance sheet, to determine whether the principal business of the assessee is granting loans and advances or share trading. If the Tribunal concludes that the principal business is granting loans and advances, it should allow the set off of the share trading loss as business loss. The Tribunal is instructed to dispose of the appeal within six months from the date of communication of this order. No order as to costs was made. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379311