IN THE SUPREME COURT OF INDIA
[Alongwith Civil Appeal No. 1762 of 1967]
A.N. Grover, J.
1. The common question which arises in these appeals by certificate, is whether speculative losses can be set off against profits from any other business activity under Section 10 in spite of the first proviso to Section 24 (1) of the Income-tax Act, 1922.
2. The facts in C. A. 1761/67 in which the question in the above form was referred, the language of the question being somewhat different in the other appeal, may be stated. The as
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