Sponsored
    Follow Us:

Case Law Details

Case Name : ACIT Vs Clothing Culture Ltd (ITAT Mumbai)
Related Assessment Year : 2014-15
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

ACIT Vs Clothing Culture Ltd (ITAT Mumbai)

ITAT Mumbai held that commodity transactions carried out as regular business transaction cannot be treated as speculative transaction. Accordingly, the loss incurred from the same is treated as normal business loss.

Facts- The assessee is a limited company engaged in the business of manufacturing and trading of textile products. AO during the course of assessment proceedings observed that assessee had sold shares of M/s. Anukaran

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031