Saturday, June 25, 2011

HC(MUM):- loss on share trading , AO's view in earlier year

Where assessee filed its return of income and incurred loss on sale of shares and debited same in profit and loss account as a business expense, since in earlier years after due application of mind Assessing Officer allowed claim of assessee a change in view was evidently not warranted for assessment year in question - [2011] 11 taxmann.com 262 (Bom.)
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Dear Friends : The emails are schedule to be posted in the blog and will sent to the group on various dates and time fixed. Instead of sending it on one day. regards. 
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