https://www.taxtmi.com/caselaws?id=383341 The Court ruled in favor of the Revenue, setting aside the orders of the first appellate authority and the Tribunal. It restored the assessing officer's order, stating that the assessee's speculative business losses could not be set off against income from other sources. The Court held that the exception under the Explanation to Section 73 did not apply to the company, as its income mainly comprised sources other than business income. en-us Thu, 21 Feb 2019 00:00:00 +0530 Mon, 22 Jul 2019 08:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383341 The Court ruled in favor of the Revenue, setting aside the orders of the first appellate authority and the Tribunal. It restored the assessing officer's order, stating that the assessee's speculative business losses could not be set off against income from other sources. The Court held that the exception under the Explanation to Section 73 did not apply to the company, as its income mainly comprised sources other than business income. Case-Laws Income Tax Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383341