https://www.taxtmi.com/caselaws?id=240813 The Tribunal allowed the appeals in part, ruling that income from derivative transactions for Foreign Institutional Investors should be treated as capital gains, not business income. Consequently, the grounds related to the set-off and carry forward of business losses were deemed unnecessary to adjudicate. en-us Wed, 04 Dec 2013 00:00:00 +0530 Thu, 12 Dec 2013 09:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240813 The Tribunal allowed the appeals in part, ruling that income from derivative transactions for Foreign Institutional Investors should be treated as capital gains, not business income. Consequently, the grounds related to the set-off and carry forward of business losses were deemed unnecessary to adjudicate. Case-Laws Income Tax Wed, 04 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240813