High Court Rules Share Loss as Ordinary Business Loss, Not Speculation, Under Exception in Section 73 Explanation.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Set off of loss incurred on purchase and sale of shares as Ordinary Business Loss or Speculation Loss - assessee fell within the purview of the exception carved out in the explanation to Section 73 - HC....
TaxTMI