https://www.taxtmi.com/caselaws?id=259359 The High Court addressed all three issues raised in the appeal. It admitted the first two for further consideration due to substantial questions of law regarding the deletion of tax liability under section 115JB and the misdirection by the Tribunal in giving precedence to section 88E over section 115JB of the I.T. Act, 1961. The Court upheld the Tribunal's decision on the allowance of mark to market loss in Future & Options transactions, finding it justified based on SEBI and ICAI guidelines. en-us Fri, 24 Apr 2015 00:00:00 +0530 Fri, 08 May 2015 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259359 The High Court addressed all three issues raised in the appeal. It admitted the first two for further consideration due to substantial questions of law regarding the deletion of tax liability under section 115JB and the misdirection by the Tribunal in giving precedence to section 88E over section 115JB of the I.T. Act, 1961. The Court upheld the Tribunal's decision on the allowance of mark to market loss in Future & Options transactions, finding it justified based on SEBI and ICAI guidelines. Case-Laws Income Tax Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259359