WorldPingThe AO invoked the Explanation to Section 73 and consequently refused to allow the loss to be set off against the taxpayer’s regular business income.
The assessment relied on the Delhi High Court ruling in CIT v.
DLF Commercial Developers Ltd.
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Real estate businessman lost Rs 34.21 lakh in F&O, got I-T notice: What ITAT ruled
Russian businessman funded Trump Jr’s Bahamas wedding after-party
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WorldPingUmar Kremlev, a Russian businessman with connections to Vladimir Putin, funded the lavish after-party for Donald Trump Jr's wedding. Both Trump Jr and his partner Bettina Anderson took to Instagram to acknowledge Kremlev's extravagant generosity.
Brief by WorldPing · Original reporting by Times of India
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