Set off of Loss incurred in Share Trading by Directors with the Income of Company not valid: ITAT upholds Revisional Order [Read Order]

share trading - income - ITAT - Revisional order - taxscan

While upholding the revisional order, the Income Tax Appellate Tribunal (ITAT) Hyderabad bench has held that the set off of loss incurred in share trading by the directors with the income of the company is not valid The appeals filed by the assessee and revenue against the orders of Principal Commissioner of Income Tax, Hyderabad…

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