2008 (1) TMI 883

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....s Appeal was preferred on the following questions:- a. Whether on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the loss incurred by the assessee in the purchase and sales of shares cannot be treated as speculation loss and has to be treated as regular business loss, which is adjusted against the order income u/s.70 & 71 of I.T. Act? b. Whe....

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....rt of the business of a company other than a company whose gross total income consists mainly of income which is chargeable under the heads "Interest on securities", "Income from House property", "Capital gains" and "Income from other sources" or a company the principal business of which is the business of banking or the granting of loans and advances consisting in the purchase and sale of shares ....