https://www.taxtmi.com/caselaws?id=402573 The Tribunal dismissed the Miscellaneous Application of the assessee seeking to recall the order, citing alleged mistakes in the judgment. The Tribunal emphasized the necessity of determining the profitability of speculation and non-speculation activities separately, rationalizing the apportionment of expenses between the two. It clarified that depreciation should be included in the apportionment of expenses as it is granted for the usage of assets in business operations. The Tribunal held that the alleged mistakes were not apparent from the record and did not warrant a review of its decision. en-us Tue, 05 Jan 2021 00:00:00 +0530 Thu, 07 Jan 2021 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402573 The Tribunal dismissed the Miscellaneous Application of the assessee seeking to recall the order, citing alleged mistakes in the judgment. The Tribunal emphasized the necessity of determining the profitability of speculation and non-speculation activities separately, rationalizing the apportionment of expenses between the two. It clarified that depreciation should be included in the apportionment of expenses as it is granted for the usage of assets in business operations. The Tribunal held that the alleged mistakes were not apparent from the record and did not warrant a review of its decision. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402573