https://www.taxtmi.com/caselaws?id=20225 HC upheld the Tribunal's finding that the assessee was not an investment company under s.109(ii) and that the Explanation to s.73 applied. The assessee's share trading and interest-related losses exceeded its dividend income, and speculative losses in share transactions were correctly classified as business/speculative loss and to be carried forward under s.73. The Tribunal's treatment of share trading losses (including interest attributable to that business) as speculative was held to be legally justified. en-us Thu, 29 Jul 1993 00:00:00 +0530 Fri, 17 Oct 2025 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20225 HC upheld the Tribunal's finding that the assessee was not an investment company under s.109(ii) and that the Explanation to s.73 applied. The assessee's share trading and interest-related losses exceeded its dividend income, and speculative losses in share transactions were correctly classified as business/speculative loss and to be carried forward under s.73. The Tribunal's treatment of share trading losses (including interest attributable to that business) as speculative was held to be legally justified. Case-Laws Income Tax Thu, 29 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20225