https://www.taxtmi.com/caselaws?id=56232 The appeals were disposed of as follows: ITA No. 579 and 1723/Ahd./98 were partly allowed for statistical purposes, while ITA No. 1727/Ahd./99 was dismissed. The rejection of the claim to set off share badla business losses against other income was upheld due to the speculative nature of the transactions, as determined by the Tribunal. The issue of withdrawal of interest under sections 234A and 244A was remanded back to the CIT(A) for a fresh decision following a precedent set in a previous case. en-us Fri, 22 Aug 2003 00:00:00 +0530 Thu, 02 Dec 2010 15:03:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56232 The appeals were disposed of as follows: ITA No. 579 and 1723/Ahd./98 were partly allowed for statistical purposes, while ITA No. 1727/Ahd./99 was dismissed. The rejection of the claim to set off share badla business losses against other income was upheld due to the speculative nature of the transactions, as determined by the Tribunal. The issue of withdrawal of interest under sections 234A and 244A was remanded back to the CIT(A) for a fresh decision following a precedent set in a previous case. Case-Laws Income Tax Fri, 22 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56232