Loss from trading in Shares to Dr. Reddy held as speculative in view of Explanation to S. 73

IN THE ITAT HYDERABAD BENCH ‘B’ Dr. Reddy’s Laboratories Ltd. Versus Additional Commissioner of Income-tax IT APPEAL NOS. 1289 & 1384 to 1386 (HYD.) OF 2011 [ASSESSMENT YEARS 1997-98 to 1999-2000] OCTOBER 31, 2012 ORDER Chandra Poojari, Accountant Member ITA Nos. 1384 to 1386/Hyd/2011 are by the assessee directed against different orders of the CIT(A)-II, Hyderabad and ITA No. 1289/Hyd/2011 is by the Revenue directed against the order of the CIT(A)-II, Hyderabad dated 26.4.2011 for assessment years 1997-98 to 1999-2000. 2. The common ground in all the thr...