Amendment to Section 73: Share Trading Losses Not Speculative for Companies Primarily Trading Shares; Retrospective Clarification.

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Full Text of the Document

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....Scope of Section 73 - carry forward of loss on sale of investment - loss in share trading was not to treated as speculative loss in case of an company whose principal business was trading in shares and that the said amendment to the explanation was retrospective and clarificatory in nature - AT....