Speculation - Judgment Search Results

Syed Ibrahim Vs. State of Andhra Pradesh

Court: Supreme Court of India

Reported in: AIR2006SC2908; 2006CriLJ4087; JT2006(6)SC597; 2006(7)SCALE399; (2006)10SCC601

..... doubt doubts would be called reasonable if they are free from a zest for abstract speculation it was pointed out that the approach of the high court is clearly unsustainable in .....

Daljit Singh and ors. Vs. State of Punjab Through Secretary Home Affai ...

Court: Supreme Court of India

Reported in: JT2006(7)SC98; 2006(7)SCALE421; (2006)6SCC159

..... doubt doubts would be called reasonable if they are free from a zest for abstract speculation

Parkar Securities Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2006)102TTJ(Ahd.)235

..... from such business there is perceptible difference between the speculative transaction and speculative business cit v nirmal kumar amp co supra the ..... of jobbing will not be in the nature of speculation profit or speculation loss thus even if it is accepted that the ..... entitled to get the commission receipts assessed under the head speculation business for the relevant years thus the learned departmental .....

Amp Spg. and Wvg. Mills (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2006)100ITD142(Ahd.)

..... section 43 5 in a substantive manner generally speaking the ambit and scope of speculative transaction and speculation loss need to be confined within the limit provided by law contained in ..... being a provision against tax avoidance which deems certain actual transactions in shares as speculative transactions should be construed strictly for this proposition the learned counsel relied on the .....

Torrent Finance (P) Ltd. Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2008)110ITD315(Ahd.)

..... assessee also received orders from its constituents who were not members of the association to speculate on their behalf the procedure for those transactions being as mentioned in the said judgment ..... inseparable in the earlier assessment years the ito could have dealt with these transactions as speculative or the ito could have treated them as business transactions in either event the loss .....

Deputy Commissioner of Income Tax Vs. Jindal Exports Ltd.

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2006)101ITD129(Delhi)

..... shares also does not indicate that the legislature had several other actual and existing non speculative activities of business in mind it merely indicates that the business activity which consists ..... business sub section 3 of the section provides for preference in adjustment set off to speculation loss over unabsorbed depreciation the provision without any doubt relates to computation of business .....

Commissioner of Income-tax Vs. Micro India Ltd.

Court: Guwahati

..... other business except against profits and gains if any of another speculation business as the assessee company does not come within the ..... loss in respect of the share transaction which is the speculation business within the meaning of the income tax act section ..... the purposes of section 73 be deemed to be carrying on speculation business 10 llearned counsel for the assessee company has submitted .....

i.i.T. Investrust Ltd. Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)106TTJ(Mum.)1037

..... 903 as proportionate disallowance of expenditure in respect of share trading activities and therefore increasing speculation loss 2 briefly stated the facts are these the business of the assessee is ..... the only question which remains for our consideration relates to allocation of business expenses towards speculative loss the learned counsel for the assessee has drawn our attention to the details .....

The A.C.i.T. Vs. Sucham Finance and Investments

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)105ITD353(Mum.)

..... shares also does not indicate that the legislature had several other actual and existing non speculative activities of business in mind it merely indicates that the business activity which consists of ..... the company has other business activities then those other activities will not be treated as speculation business held accordingly that the explanation to section 73 applied to the case of the .....

Chandrakant Kantilal Shah Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... business of purchase and sales of shares as hedging transactions should not be treated as speculative transactions the learned authorised representative further added that onus lay upon the department to ..... authorised representative as by way of this definition the assessee s case certainly falls under speculative transaction as either the assessee purchases first or sells later or sells first or .....