https://www.taxtmi.com/caselaws?id=38644 Loss arising from a transaction outside the statutory concept of speculation under Explanation 2 to section 24 of the Indian Income-tax Act, 1922 is not a speculative loss. The Calcutta High Court note states that the issue was governed by its earlier decisions on the same construction, and on that settled view the disputed loss was treated as non-speculative. The assessee therefore obtained relief on the substantive tax issue. en-us Tue, 24 Jul 1973 00:00:00 +0530 Wed, 07 Apr 2010 18:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38644 Loss arising from a transaction outside the statutory concept of speculation under Explanation 2 to section 24 of the Indian Income-tax Act, 1922 is not a speculative loss. The Calcutta High Court note states that the issue was governed by its earlier decisions on the same construction, and on that settled view the disputed loss was treated as non-speculative. The assessee therefore obtained relief on the substantive tax issue. Case-Laws Income Tax Tue, 24 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38644