https://www.taxtmi.com/caselaws?id=255368 The High Court ruled in favor of the appellant in a case involving the interpretation of Section 43(5) of the Income Tax Act, 1961 regarding ACC share transactions, finding that the transactions were hedging transactions and not speculative. Additionally, the court ruled in favor of the appellant concerning the treatment of Unit Trust Master share transactions for assessment under Section 80M and tax deduction, allowing the appeal based on legal principles and the appellant's arguments. en-us Wed, 24 Dec 2014 00:00:00 +0530 Tue, 12 May 2015 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255368 The High Court ruled in favor of the appellant in a case involving the interpretation of Section 43(5) of the Income Tax Act, 1961 regarding ACC share transactions, finding that the transactions were hedging transactions and not speculative. Additionally, the court ruled in favor of the appellant concerning the treatment of Unit Trust Master share transactions for assessment under Section 80M and tax deduction, allowing the appeal based on legal principles and the appellant's arguments. Case-Laws Income Tax Wed, 24 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255368