https://www.taxtmi.com/caselaws?id=65931 The tribunal allowed the appeal, granting relief to the appellant, as it determined that the forward contracts in question constituted hedging transactions falling under clause (b) of the proviso to section 43(5) of the Income-tax Act, 1961. The tribunal disagreed with the lower authorities' decision, concluding that the appellant's actions supported the claim that the transactions were related to the holding of stocks, thereby distinguishing them from speculative transactions. Consequently, the appellant was granted relief of Rs. 13,293. en-us Fri, 13 Aug 1982 00:00:00 +0530 Sat, 19 Feb 2011 13:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65931 The tribunal allowed the appeal, granting relief to the appellant, as it determined that the forward contracts in question constituted hedging transactions falling under clause (b) of the proviso to section 43(5) of the Income-tax Act, 1961. The tribunal disagreed with the lower authorities' decision, concluding that the appellant's actions supported the claim that the transactions were related to the holding of stocks, thereby distinguishing them from speculative transactions. Consequently, the appellant was granted relief of Rs. 13,293. Case-Laws Income Tax Fri, 13 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65931