IT: Where less than 50 per cent funds of assessee were invested in granting loan

IT: Where less than 50 per cent funds of assessee were invested in granting loans and advances, it could not be treated as assessee's principal business; and therefore, share trading loss would be treated as speculative loss



[2013] 31 taxmann.com 277 (Calcutta)

HIGH COURT OF CALCUTTA

ALFA Tie-up (P.) Ltd.