=1= IN IN IN THE THE THE HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL ORIGINAL ORIGINAL CIVIL JURISDICTION CIVIL JURISDICTION CIVIL JURISDICTION INCOME INCOME INCOME TAX TAX TAX APPEAL NO.629 OF 2007 APPEAL NO.629 OF 2007 APPEAL NO.629 OF 2007 M/s Money Cared Securities and Financial Services Ltd., Borivali (W), Mumbai 400 092 ...Appellants v/s The Commissioner of Income Tax-IV, Aayakar Bhavan, Mumbai 400 020 ...Respondent Mr B.R. Jhaveri for Appellants. Mr Vimal Gupta for Respondent. CORAM CORAM CORAM : : : D.K. DESHMUKH AND J.P. DEVADHAR JJ. D.K. DESHMUKH AND J.P. DEVADHAR JJ. D.K. DESHMUKH AND J.P. DEVADHAR JJ. DATE DATE DATE : 30TH SEPTEMBER 2008 30TH SEPTEMBER 2008 30TH SEPTEMBER 2008 =2= P.C.- 1. In view of the finding given by the Tribunal that the loss suffered by the assessee on account of shares purchased on its own account cannot be given set off against the income claimed by the assessee as a broker. Appeal cannot be entertained. It is rejected. . Parties to act on the copy of this order duly authenticated by the Associate / Private Secretary of the Court. . Certified copy is expedited. ( D.K. DESHMUKH J.) ( J.P. DEVADHAR J.)