https://www.taxtmi.com/caselaws?id=59624 The Tribunal allowed the appeal in favor of the assessee, holding that dividend income earned from shares held as stock-in-trade should be considered part of speculation business income. Therefore, the set off against speculation loss was allowed, contrary to the decisions of the AO and CIT(A). The Tribunal found that the Explanation to Section 73 of the IT Act was not applicable in this case, providing relief to the assessee by allowing the set off of speculation loss from share dealings against dividend income. en-us Mon, 02 Apr 2007 00:00:00 +0530 Wed, 11 Jul 2012 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59624 The Tribunal allowed the appeal in favor of the assessee, holding that dividend income earned from shares held as stock-in-trade should be considered part of speculation business income. Therefore, the set off against speculation loss was allowed, contrary to the decisions of the AO and CIT(A). The Tribunal found that the Explanation to Section 73 of the IT Act was not applicable in this case, providing relief to the assessee by allowing the set off of speculation loss from share dealings against dividend income. Case-Laws Income Tax Mon, 02 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59624