Speculative - Judgment Search Results

Cit Vs. Corporation Bank

Court: Supreme Court of India

Reported in: (2008)214CTR(SC)302; [2007]295ITR193(SC)

..... doubt doubts would be called reasonable if they are free from a zest for abstract speculation this difference is indicated in the provisions of the income tax act the companies act .....

Col. (Retd.) Dalip Singh Sachar Vs. Major General (Retd.), Prabodh Cha ...

Court: Delhi

Reported in: II(2007)BC453; 141(2007)DLT209; 2007(97)DRJ327

..... the rightful claim of the respondent plea of coercion in the reply was thereforee clearly speculative and make belief appeal has thereforee no merit and is accordingly dismissed this principle shall .....

Kendriya Vidyalaya Sangathan and ors. Vs. Shri Dharmendra Sharma

Court: Supreme Court of India

Reported in: AIR2007SC3210; 2007(4)AWC4049(SC); [2007(115)FLR351]; 2007(11)SCALE157; (2007)8SCC148

..... show preponderance of probabilities in favour of plea plea cannot be based on surmises and speculation entire incident must be examined with care and viewed in its proper setting in order .....

Havildar N. Bheeman S/O Late Shri K. Nanja Gowder Vs. the Union of Ind ...

Court: Karnataka

Reported in: 2008(1)KarLJ331

..... pleaded by them does not arise the prayers made in the suit are imaginary and speculative suit is not maintainable ii storekeeper storeman technical iii ammunition technicians examiners iv personal assistants .....

Starline Ispat and Alloys Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)108TTJ(Mum.)321

..... therefore something more than arithmetical exercise of aggregating the profits and losses from the speculative transactions it must therefore take into account all profits and losses which are attributable ..... of explanation to section 73 indicates that this explanation lays down that the expression speculation business under the specified circumstances will cover to the extent assessee s business .....

Khazana Holdings (P) Ltd. Vs. Asst. Cit

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2008)301ITR312(Mum.)

..... amount to business loss and consequently has to be treated as speculation loss in terms of section 73 explanation accordingly he did not ..... that loss from trading in shares has to be treated as speculation loss under section 73 read with the explanation thereto and ..... and therefore assessee has to be treated as carrying on the speculation business in shares by virtue of such deeming provision if a .....

Pioneer Equity Trade (India) (P) Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)108TTJ(Mum.)838

..... in shares to which explanation to section 73 applied that speculation loss could not be adjusted against brokerage income of the ..... of shares hence the expenditure incurred by the assessee was speculation loss 4 the learned ao therefore added to the assessee ..... explanation the assessee was to be deemed to have carried out speculation business during the year interest paid by the assessee constituted .....

Essar Investments Ltd. Vs. Dy. Cit

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... or transfer of the commodity or scrips therefore the treatment given to these transactions as speculative transaction by the n learned commissioner in his order under section 263 is illegal and ..... assessing officer failed to verify whether the transaction in question fell in the category of speculative transaction for making a proper assessment we do not agree with the learned commissioner that .....

Shri Mahesh J. Patel Vs. the Asstt. Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)109ITD35(Mum.)

..... loss claimed by the assessee was not allowable as being a speculative loss 21 similarly the ld ao found that the assessee had ..... allowed the assessee benefit of carry forward of loss as a speculation loss he argued that the finding of the departmental authorities ..... alternate claim of the assessee that the losses be allowed as speculative transactions has been kept aside without adequate material it is .....

Asstt. Cit, Rg. 4(1) Vs. Claridges Investments and

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... with kolkata brokers into several groupings such as delivery based transactions non delivery based transactions speculation and segregated the transactions resulting into profit from the transactions resulting into loss in ..... transactions off market it is not possible to comment about the genuineness of the speculation loss incurred these observations of the special auditor are a far cry from the .....