https://www.taxtmi.com/highlights?id=60246 Speculative business / transaction - Disallowance of loss suffered by the assessee on account of ‘Sauda Settlement’ - There is complete opaqueness about the nature and truth of the transaction/s between the assessee and SAOL, including the impugned credit thereto on 31/03/2013. The same thus cannot be regarded as a business loss and, in any case, is not available for set off against the business profit from its’ wholesale business - AT en-us Mon, 25 Oct 2021 18:59:35 +0530 Mon, 25 Oct 2021 18:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60246 Speculative business / transaction - Disallowance of loss suffered by the assessee on account of ‘Sauda Settlement’ - There is complete opaqueness about the nature and truth of the transaction/s between the assessee and SAOL, including the impugned credit thereto on 31/03/2013. The same thus cannot be regarded as a business loss and, in any case, is not available for set off against the business profit from its’ wholesale business - AT Highlights Income Tax Mon, 25 Oct 2021 18:59:35 +0530 https://www.taxtmi.com/highlights?id=60246