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HomeWorldReal estate businessman lost Rs 34.21L in F&O trading: Here’s what ITAT did
World1d ago

Real estate businessman lost Rs 34.21L in F&O trading: Here’s what ITAT did

Times of India — Top Stories
Times of India — Top Stories✓
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Real estate businessman lost Rs 34.21L in F&O trading: Here’s what ITAT did

The AO invoked the Explanation to Section 73 and consequently refused to allow the loss to be set off against the taxpayer’s regular business income. The assessment relied on the Delhi High Court ruling in CIT v. DLF Commercial Developers Ltd.

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