https://www.taxtmi.com/highlights?id=70234 Treatment of Losses as Speculative Losses - adjustment of loss under arbitrage transactions - The loss of one segment has to be allowed to be set-off against the other segment. In the case of the assessee, the entire transaction of purchase and sale of securities constitutes arbitrage & jobbing transactions as a whole and hence, these transactions are outside the purview of the speculative transaction. The explanation to Sec.73 would not apply to the case of the assessee - AT en-us Fri, 09 Jun 2023 11:57:26 +0530 Sat, 10 Jun 2023 12:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70234 Treatment of Losses as Speculative Losses - adjustment of loss under arbitrage transactions - The loss of one segment has to be allowed to be set-off against the other segment. In the case of the assessee, the entire transaction of purchase and sale of securities constitutes arbitrage & jobbing transactions as a whole and hence, these transactions are outside the purview of the speculative transaction. The explanation to Sec.73 would not apply to the case of the assessee - AT Highlights Income Tax Fri, 09 Jun 2023 11:57:26 +0530 https://www.taxtmi.com/highlights?id=70234