https://www.taxtmi.com/highlights?id=54317 Loss incurred by the assessee in purchase and sale of shares - Whether a business loss or speculation loss? - In case, the assessee has earned profit from share trading activity, then Explanation to section 73 has no application and accordingly, the said loss needs to be treated as normal business loss and allowed to be set off against any other income. - AT en-us Tue, 11 Aug 2020 08:13:50 +0530 Tue, 11 Aug 2020 08:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54317 Loss incurred by the assessee in purchase and sale of shares - Whether a business loss or speculation loss? - In case, the assessee has earned profit from share trading activity, then Explanation to section 73 has no application and accordingly, the said loss needs to be treated as normal business loss and allowed to be set off against any other income. - AT Highlights Income Tax Tue, 11 Aug 2020 08:13:50 +0530 https://www.taxtmi.com/highlights?id=54317