Held that loss incurred on account of purchase and sale of securities on behalf of clients allowable as business loss. Provision of section 73 could not be applied. (AY. 2009-10)
DCIT v. Edelweiss Financial Advisors Ltd. (2021) 188 ITD 834 (Ahd.)(Trib.)
S. 73 : Losses in speculation business-Purchase and sale of securities-Loss on account of its clients-Loss cannot be treated as speculative in nature. [S. 28(i)]