https://www.taxtmi.com/caselaws?id=427755 The court held that the share trading loss should not be treated as speculative loss under the Income Tax Act. The decision was based on the composition of the assessee's gross total income, which mainly comprised income from other sources. The court referred to previous cases and emphasized the application of the exception clause in the Explanation to Section 73. Consequently, the appeal of the revenue was dismissed, affirming the relief granted to the assessee by the Ld. CIT(A). en-us Fri, 02 Sep 2022 00:00:00 +0530 Fri, 16 Sep 2022 08:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427755 The court held that the share trading loss should not be treated as speculative loss under the Income Tax Act. The decision was based on the composition of the assessee's gross total income, which mainly comprised income from other sources. The court referred to previous cases and emphasized the application of the exception clause in the Explanation to Section 73. Consequently, the appeal of the revenue was dismissed, affirming the relief granted to the assessee by the Ld. CIT(A). Case-Laws Income Tax Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427755