https://www.taxtmi.com/caselaws?id=206559 The Tribunal classified the losses from derivative transactions as short-term capital loss for the assessee, rejecting the revenue's argument for speculative business loss classification. The decision emphasized that income from securities, including derivatives, should be taxed as capital gains under Section 115AD for Foreign Institutional Investors, distinct from speculative transactions under Section 43(5). The ruling highlighted the specific provisions for FIIs, indicating a departure from general speculative transaction rules. en-us Fri, 27 May 2011 00:00:00 +0530 Tue, 04 Oct 2011 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206559 The Tribunal classified the losses from derivative transactions as short-term capital loss for the assessee, rejecting the revenue's argument for speculative business loss classification. The decision emphasized that income from securities, including derivatives, should be taxed as capital gains under Section 115AD for Foreign Institutional Investors, distinct from speculative transactions under Section 43(5). The ruling highlighted the specific provisions for FIIs, indicating a departure from general speculative transaction rules. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206559