https://www.taxtmi.com/caselaws?id=204735 The appellate tribunal upheld the CIT(A)'s decision, ruling in favor of the appellant regarding the speculative nature of derivative trading, the permissibility of set-off against share trading profits, and the retrospective effect of the amendment excluding derivative trading from speculative transactions. The tribunal confirmed that derivative trading did not involve actual purchase or sale of shares, thus not falling under speculative transactions, and allowed the set-off of the loss from derivative trading against share trading profits. en-us Fri, 26 Feb 2010 00:00:00 +0530 Wed, 13 Apr 2011 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204735 The appellate tribunal upheld the CIT(A)'s decision, ruling in favor of the appellant regarding the speculative nature of derivative trading, the permissibility of set-off against share trading profits, and the retrospective effect of the amendment excluding derivative trading from speculative transactions. The tribunal confirmed that derivative trading did not involve actual purchase or sale of shares, thus not falling under speculative transactions, and allowed the set-off of the loss from derivative trading against share trading profits. Case-Laws Income Tax Fri, 26 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204735