https://www.taxtmi.com/caselaws?id=59524 The Special Bench concluded that the Explanation to Section 73 of the Income-tax Act, 1961, does not apply to the assessee-company. It upheld the CIT(A)'s decision to allow the set-off of share trading losses against other business income, based on the composition of gross total income, primarily consisting of dividend income. The case was remanded to the regular Bench for further proceedings consistent with these findings. en-us Fri, 28 Jan 2005 00:00:00 +0530 Mon, 20 May 2024 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59524 The Special Bench concluded that the Explanation to Section 73 of the Income-tax Act, 1961, does not apply to the assessee-company. It upheld the CIT(A)'s decision to allow the set-off of share trading losses against other business income, based on the composition of gross total income, primarily consisting of dividend income. The case was remanded to the regular Bench for further proceedings consistent with these findings. Case-Laws Income Tax Fri, 28 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59524