Share Transaction Loss: Business or Speculation? No Speculative Income, Additions Deleted After Adjustments.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Nature of loss - Business loss or Speculation loss - transactions in purchase and sale of shares settled otherwise than the actual delivery - the said loss is computed after making various adjustments towards suo motu disallowances and items considered separately - Assessee is not deriving any income out of share trading that is speculative in nature - Additions deleted - AT....