https://www.taxtmi.com/caselaws?id=207847 The Tribunal allowed the appeal filed by the assessee, holding that the loss from derivative transactions could be set off against profits from share trading on a delivery basis. The decision was based on the interpretation of sec. 43(5)(d) and the notification by the C.B.D.T., ensuring that transactions in derivatives for the relevant year were considered business income. The Tribunal also determined that no expenditure could be allocated towards speculative business, favoring the assessee on this issue as well. en-us Fri, 28 May 2010 00:00:00 +0530 Wed, 12 Jun 2013 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207847 The Tribunal allowed the appeal filed by the assessee, holding that the loss from derivative transactions could be set off against profits from share trading on a delivery basis. The decision was based on the interpretation of sec. 43(5)(d) and the notification by the C.B.D.T., ensuring that transactions in derivatives for the relevant year were considered business income. The Tribunal also determined that no expenditure could be allocated towards speculative business, favoring the assessee on this issue as well. Case-Laws Income Tax Fri, 28 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207847