Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]

business losses - speculative income - ITAT - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim of set-off of business losses against speculative income is allowable The assessee challenged the order passed by the Commissioner of Income Tax (Appeals), Gandhinagar [hereinafter referred to as “CIT(A) under section 250(6) of the Income Tax Act, 1961 (the Act)…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader