Loss on account of premium paid to banks in order to be secure against Forex fluctuations isn’t speculation loss
Interesting judgment- Income was taxable in capacity of individuals though investment in firm was made out of HUF funds by its member
Payments to various artists participating in reality shows are liable for TDS under sec. 194C TDS & not sec. 194J
IT Department Raids Retired IAS Officer, Recovers Rs 300 Crore Benami Property, Rs 1.64 Crore Cash, Four Luxury SUVs