{"id":27557,"date":"2022-06-26T18:22:00","date_gmt":"2022-06-26T12:52:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/gopal-agrawal-huf-v-ito-2021-91-itr-80-smc-sn-jabalpurtrib\/"},"modified":"2022-06-26T18:22:00","modified_gmt":"2022-06-26T12:52:00","slug":"gopal-agrawal-huf-v-ito-2021-91-itr-80-smc-sn-jabalpurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gopal-agrawal-huf-v-ito-2021-91-itr-80-smc-sn-jabalpurtrib\/","title":{"rendered":"Gopal Agrawal HUF v. ITO (2021) 91 ITR 80 (SMC) (SN) (Jabalpur)(Trib.)"},"content":{"rendered":"<p>Held that Loss on account of reversal of oral contract for supply of wheat is held to be\u00a0 speculative loss.\u00a0 Loss cannot be set off against business income. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43(5) : Speculative transaction-Sauda settlement for want of substantiation-Loss on account of reversal of oral contract for supply of wheat-Speculative loss-loss cannot be set off against business income. [S. 28]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-27557","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7at","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=27557"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27557\/revisions"}],"predecessor-version":[{"id":27558,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27557\/revisions\/27558"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}