Easy Office

Speculation Loss


Last updated: 03 November 2008

Court :
Gauhati High Court

Brief :
Whether loss on sale of share whose physical delivery not taken by the assessee is speculation loss?

Citation :
Bhikamchand Betala and Sons Vs. I.T.O. 21/08/2007 [2007] 294 ITR 10

Held by the Honourable Court that, under the settlement of the contract damages are paid and no physical delivery, only price difference between sale and purchase is considered. Therefore loss on sale of share is a speculative loss.
 
Join CCI Pro

Devendra
Published in Income Tax
Views : 25
Share Report Abuse


Comments

CAclubindia's WhatsApp Groups Link


Other Latest Judgments

View More Judgments »



Easy Office

Trending Online Classes

view all classess
CCI Pro

Browse by Category