https://www.taxtmi.com/caselaws?id=66420 Transactions supported by written contracts, appropriation of identified goods, invoices, endorsed railway receipts and the exchange of statutory forms were treated as performance of the contracts with constructive delivery. On those facts, the movement of the railway receipts and related documents did not amount to a mere transfer of a right to future delivery, so the dealings fell outside speculative transactions under section 43(5). The loss was therefore characterised as an ordinary business loss and was allowable. en-us Fri, 29 Apr 1983 00:00:00 +0530 Thu, 24 Feb 2011 16:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66420 Transactions supported by written contracts, appropriation of identified goods, invoices, endorsed railway receipts and the exchange of statutory forms were treated as performance of the contracts with constructive delivery. On those facts, the movement of the railway receipts and related documents did not amount to a mere transfer of a right to future delivery, so the dealings fell outside speculative transactions under section 43(5). The loss was therefore characterised as an ordinary business loss and was allowable. Case-Laws Income Tax Fri, 29 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66420