[aaykarbhavan] Loss arising due to share dealing wasn’t speculative if assessee had only carried out solitary transaction of shares

Loss arising due to share dealing wasn't speculative if assessee had only carried out solitary transaction of shares

September 26, 2014[2014] 49 taxmann.com 132 (Delhi)/[2014] 360 ITR 182 (Delhi)

Solitary transaction of purchase and sale of shares in which assessee incurred loss due to fall in value of share, did not constitute assessee's business and loss could be set off against assessee's profit from other businesses

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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