https://www.taxtmi.com/caselaws?id=388902 The Tribunal determined that the assessee's principal business activity was granting loans and advances, exempting it from the Explanation to Section 73 of the Income Tax Act. As a result, the share trading loss was considered a business loss, allowing its set-off against other business income. The appeal was allowed, directing the assessment of the share dealing loss as a business loss for set-off against business income, including interest income from loans and advances. en-us Fri, 06 Sep 2019 00:00:00 +0530 Tue, 26 Nov 2019 12:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388902 The Tribunal determined that the assessee's principal business activity was granting loans and advances, exempting it from the Explanation to Section 73 of the Income Tax Act. As a result, the share trading loss was considered a business loss, allowing its set-off against other business income. The appeal was allowed, directing the assessment of the share dealing loss as a business loss for set-off against business income, including interest income from loans and advances. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388902