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Assessee's Share Trading Loss Considered Business Loss, Not Speculation Loss, Per Explanation to Section 73.

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....Loss incurred by the assessee in purchase and sale of shares - Whether a business loss or speculation loss? - In case, the assessee has earned profit from share trading activity, then Explanation to section 73 has no application and accordingly, the said loss needs to be treated as normal business loss and allowed to be set off against any other income. - AT....

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Assessee's Share Trading Loss Considered Business Loss, Not Speculation Loss, Per Explanation to Section 73.