https://www.taxtmi.com/caselaws?id=121207 The Tribunal allowed the appeal, ruling in favor of the assessee. The loss on future and option transactions at recognized stock exchanges was not considered as speculation business loss. The Tribunal held that transactions in derivatives at recognized stock exchanges are not speculative, regardless of the date of notification of the stock exchanges. Therefore, the loss incurred should be treated as a business loss, not a speculation loss. en-us Thu, 01 Oct 2009 00:00:00 +0530 Sat, 23 Sep 2023 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121207 The Tribunal allowed the appeal, ruling in favor of the assessee. The loss on future and option transactions at recognized stock exchanges was not considered as speculation business loss. The Tribunal held that transactions in derivatives at recognized stock exchanges are not speculative, regardless of the date of notification of the stock exchanges. Therefore, the loss incurred should be treated as a business loss, not a speculation loss. Case-Laws Income Tax Thu, 01 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121207