https://www.taxtmi.com/highlights?id=66939 Revision u/s 263 - set off of loss in speculation business against business income - In the present case, the principle business of the assessee is trading in shares. Hence, deemed speculative loss from trading in shares is to be set off of against the business income of the assessee. This ground of the assessee is allowed. - AT en-us Tue, 06 Dec 2022 09:38:12 +0530 Tue, 06 Dec 2022 09:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66939 Revision u/s 263 - set off of loss in speculation business against business income - In the present case, the principle business of the assessee is trading in shares. Hence, deemed speculative loss from trading in shares is to be set off of against the business income of the assessee. This ground of the assessee is allowed. - AT Highlights Income Tax Tue, 06 Dec 2022 09:38:12 +0530 https://www.taxtmi.com/highlights?id=66939