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The Andhra Pradesh Infrastructure Development Enabling Act, 2001. Section 25

Title: Speculative bids - The Government Agency or the Local Authority with the approval of the 1[Government] will be entitled

State: Andhra Pradesh

Year: 2001

25 speculative bids the government agency or the local authority with the approval of the 1 government will be entitled

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The Telangana Infrastructure Development Enabling Act, 2001. Section 26

Title: No negotiation on financial or commercial proposal

State: Telangana

Year: 2001

25 speculative bids 26 no negotiation on financial or commercial proposal

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Income Tax Act, 1961 Section 73

Title: Losses in Speculation Business

State: Central

Year: 1961

1 any loss computed in respect of a speculation business carried on by the assessee shall not be set off except against profits and gains if any

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Brief the judgments behind these acts

The Income-tax Act, 1961 Section 73

Title: Losses in speculation business.—

State: Central

Year: 1961

1 any loss computed in respect of a speculation business carried on by the assessee shall not be set off except against profits and gains if any

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Income Tax Act, 1961 Chapter VI

Title: Aggregation of Income and Set off or Carry Forward of Loss

State: Central

Year: 1961

gains of business or profession is a loss to the assessee not being a loss sustained in a speculation business and such loss cannot be or is not wholly set off against income under any head of

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Income Tax Act, 1961 Chapter 6

Title: CHAPTER 6 AGGREGATION OF INCOME AND SET OFF OR CARRY FORWARD OF LOSS

State: Central

Year: 1961

gains of business or profession is a loss to the assessee not being a loss sustained in a speculation business and such loss cannot be or is not wholly set off against income under any head of

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The Andhra Pradesh Mutually Aided Co-operative Societies Act, 1995. Section 15

Title: Investment of fund outside the business - A Co-operative Society may invest or deposit its funds in any non-speculative

State: Andhra Pradesh

Year: 1995

of fund outside the business a co operative society may invest or deposit its funds in any non speculative manner outside its business

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Income Tax Act, 1961 Section 72A

Title: Provisions Relating to Carry Forward and Set off of Accumulated Loss and Unabsorbed Depreciation Allowance in Amalgamation or Demerger, Etc.

State: Central

Year: 1961

be under the head profits and gains of business or profession not being a loss sustained in a speculation business which such predecessor firm or the proprietary concern or the company or amalgamating company or demerged company

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The Telangana Infrastructure Development Enabling Act, 2001. Section 25

Title: The Government Agency or the Local Authority with the

State: Telangana

Year: 2001

approval of the infrastructure authority will be entitled to treat the speculative or unrealistic bids as non responsive and reject the same by reason of any speculation or unrealistic bid

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Income Tax Act, 1961 Section 28

Title: Profits and Gains of Business or Profession

State: Central

Year: 1961

omitted by the direct tax laws amendment act 1987 with effect from 1st april 1989 explanation 2 where speculative transactions carried on by an assessee are of such a nature as to constitute a business the business

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