https://www.taxtmi.com/caselaws?id=60509 The tribunal upheld the revenue authority's decision to treat the loss as speculation loss in share dealings, denying its set off against money-lending income. The tribunal emphasized that the company's actual business activities, particularly the higher investments and activities in share dealings, determined the nature of its business. Consequently, the appeal was dismissed, affirming the Commissioner (Appeals)'s order. en-us Thu, 19 Sep 1985 00:00:00 +0530 Wed, 05 Jan 2011 16:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60509 The tribunal upheld the revenue authority's decision to treat the loss as speculation loss in share dealings, denying its set off against money-lending income. The tribunal emphasized that the company's actual business activities, particularly the higher investments and activities in share dealings, determined the nature of its business. Consequently, the appeal was dismissed, affirming the Commissioner (Appeals)'s order. Case-Laws Income Tax Thu, 19 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60509