{"id":36313,"date":"2023-08-29T11:54:04","date_gmt":"2023-08-29T06:24:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-quant-securities-pvt-ltd-2022-98-itr-83-snmum-trib\/"},"modified":"2023-08-29T11:54:04","modified_gmt":"2023-08-29T06:24:04","slug":"dy-cit-v-quant-securities-pvt-ltd-2022-98-itr-83-snmum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-quant-securities-pvt-ltd-2022-98-itr-83-snmum-trib\/","title":{"rendered":"Dy. CIT v. Quant Securities Pvt. Ltd. (2022) 98 ITR 83 (SN)(Mum) (Trib)"},"content":{"rendered":"<p>Held that the composition of gross total income comprised mainly of income from other sources\u00a0 which was much more than income from business and that accordingly, the assessee\u2019s case fell under the exception clause provided in the Explanation to Section\u00a073\u00a0of the Act. The loss incurred on shares and derivatives could not be treated as speculation loss. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 73 : Losses  in speculation business-Loss incurred on shares and derivatives could not be treated as speculation Loss-Gross total income comprised mainly of  income from other sources much greater than income from business. [S.73, Expln.] <\/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-36313","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9rH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36313","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=36313"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36313\/revisions"}],"predecessor-version":[{"id":36314,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36313\/revisions\/36314"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}