https://www.taxtmi.com/highlights?id=64082 Nature of loss from purchase and sale of share - speculation or non speculation loss - ITAT held that deployment of funds in the instant case is more in the business of money lending from where the interest was earned and further the income earned from sources other than share transactions and also in treating the loss so incurred by the assessee-company as non-Speculation Loss and Explanation to provision of Section 73 of the Income Tax Act, 1961 is not applicable in this case - order of ITAT confirmed. - HC en-us Wed, 15 Jun 2022 13:27:33 +0530 Wed, 15 Jun 2022 13:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64082 Nature of loss from purchase and sale of share - speculation or non speculation loss - ITAT held that deployment of funds in the instant case is more in the business of money lending from where the interest was earned and further the income earned from sources other than share transactions and also in treating the loss so incurred by the assessee-company as non-Speculation Loss and Explanation to provision of Section 73 of the Income Tax Act, 1961 is not applicable in this case - order of ITAT confirmed. - HC Highlights Income Tax Wed, 15 Jun 2022 13:27:33 +0530 https://www.taxtmi.com/highlights?id=64082