Real estate businessman lost Rs 34.21 lakh in F&O, got I-T notice: What ITAT ruled
The AO invoked the Explanation to Section 73 and consequently refused to allow the loss to be set off against the taxpayer’s regular business income. The assessment relied on the Delhi High Court ruling in CIT v. DLF Commercial Developers Ltd.
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Also reported by 1 other outlet
- She got Rs 18.34L medical stipend, got notice for no tax paid; what ITAT said timesofindia.indiatimes.com
