https://www.taxtmi.com/caselaws?id=126790 The Tribunal allowed the appeals, ruling in favor of the assessee, determining that the transactions were not speculative but fell under jobbing or arbitrage as per Sec.43(5) proviso (c). It clarified that such transactions should be considered business losses, not speculative, under Sec.73(1) of the IT Act. The judgment provided a detailed analysis of the relevant provisions and directed the Assessing Officer to allow the claim for both assessment years based on this interpretation. en-us Fri, 22 May 2009 00:00:00 +0530 Mon, 07 Jan 2013 15:20:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126790 The Tribunal allowed the appeals, ruling in favor of the assessee, determining that the transactions were not speculative but fell under jobbing or arbitrage as per Sec.43(5) proviso (c). It clarified that such transactions should be considered business losses, not speculative, under Sec.73(1) of the IT Act. The judgment provided a detailed analysis of the relevant provisions and directed the Assessing Officer to allow the claim for both assessment years based on this interpretation. Case-Laws Income Tax Fri, 22 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126790