https://www.taxtmi.com/caselaws?id=267608 The appeal of the assessee was allowed, and the loss incurred on forward contracts was treated as a business loss. The Tribunal held that the forward contracts were entered into for hedging purposes in the regular course of business, following legal precedents that losses from such contracts should be treated as business losses. The order of the Commissioner of Income Tax (Appeals) treating the loss as speculation loss was set aside. en-us Tue, 29 Sep 2015 00:00:00 +0530 Mon, 09 Nov 2015 21:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267608 The appeal of the assessee was allowed, and the loss incurred on forward contracts was treated as a business loss. The Tribunal held that the forward contracts were entered into for hedging purposes in the regular course of business, following legal precedents that losses from such contracts should be treated as business losses. The order of the Commissioner of Income Tax (Appeals) treating the loss as speculation loss was set aside. Case-Laws Income Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267608