High Court Affirms Tribunal: Section 73 Speculative Losses Not Applicable to Assessee's Income Composition.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Speculative loss - Tribunal’s conclusion that the gross total income of the assessee consisted mainly of income chargeable under the heads of interest on security, house property, capital gains or income from other sources calls for no interference - provisions of Section 73 are not applicable - HC....