https://www.taxtmi.com/caselaws?id=60982 The Tribunal dismissed the Revenue's appeal and upheld the AAC's decision, ruling that a single speculative transaction does not necessarily constitute a speculative business under Explanation 2 to section 28 of the Income-tax Act, 1961. The judgment highlighted the significance of specific provisions prevailing over general provisions in tax law interpretation. en-us Thu, 25 Mar 1982 00:00:00 +0530 Mon, 10 Jan 2011 12:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60982 The Tribunal dismissed the Revenue's appeal and upheld the AAC's decision, ruling that a single speculative transaction does not necessarily constitute a speculative business under Explanation 2 to section 28 of the Income-tax Act, 1961. The judgment highlighted the significance of specific provisions prevailing over general provisions in tax law interpretation. Case-Laws Income Tax Thu, 25 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60982