Speculation gain can be set off against carried forward speculation loss

CASE LAWS DETAILS

DECIDED BY: HIGH COURT OF BOMBAY,

IN THE CASE OF: CIT Vs Lokmat Newspapers Pvt. Ltd., APPEAL NO: ITA (L) No. 3005 of 2009,  DECIDED ON: ITA (L) No. 3005 of 2009

RELEVANT PARAGRAPH

6. Sub ­section (1) of Section 73 provides that the loss

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