https://www.taxtmi.com/highlights?id=58329 Revision u/s 263 - assumption of revisionary jurisdiction by PCIT - once the revenue has accepted the income from trading in commodity on NSEL as business income, then loss which arise from the NSEL trading cannot be termed as Speculation loss. Consequently, the view taken by the AO cannot the termed as erroneous. - AT en-us Fri, 11 Jun 2021 12:30:05 +0530 Fri, 11 Jun 2021 12:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58329 Revision u/s 263 - assumption of revisionary jurisdiction by PCIT - once the revenue has accepted the income from trading in commodity on NSEL as business income, then loss which arise from the NSEL trading cannot be termed as Speculation loss. Consequently, the view taken by the AO cannot the termed as erroneous. - AT Highlights Income Tax Fri, 11 Jun 2021 12:30:05 +0530 https://www.taxtmi.com/highlights?id=58329