Case Law Details
Case Name : ITO Vs Snowtex Investment Ltd (ITAT Kolkata)
Related Assessment Year : 2008-09
Courts :
All ITAT ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Brief of the Case
In the case of ITO vs Snowtex Investment Ltd, the Kolkata Tribunal held that the claim of the assesse for set-off of loss from share dealing should be allowed from the profits from F&O in share transactions, the character of the income being the same and before application of the Explanation to section 73, aggregation of the business profit or loss is to be worked out irrespective of the fact whether it is from share delivery transaction or derivative transactions. The tribunal also relied on the decision of its special bench wherein it was held that in deciding the princ...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Explaining similar grounds contention wise and order wise make it monotonous and hard to read. I didnt get the ratio decidendi until the last word. How could you expect to read full length judgments everytime. Please make it simple and straight forward instead of jamming up with unnecessary points