https://www.taxtmi.com/caselaws?id=151511 The Tribunal upheld the disallowance of a hedging loss as speculative, citing the prospective nature of the relevant provision. Additionally, expenses related to speculative transactions and taxable capital gains were partially disallowed, with the matter remanded to the Assessing Officer for reconsideration under rule 8D. en-us Thu, 31 Dec 2009 00:00:00 +0530 Thu, 06 Jun 2013 17:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151511 The Tribunal upheld the disallowance of a hedging loss as speculative, citing the prospective nature of the relevant provision. Additionally, expenses related to speculative transactions and taxable capital gains were partially disallowed, with the matter remanded to the Assessing Officer for reconsideration under rule 8D. Case-Laws Income Tax Thu, 31 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151511