https://www.taxtmi.com/caselaws?id=269258 The Tribunal allowed the assessee's appeal, ruling that the loss from share dealing should be set off against the profits from Future & Option transactions. It held that the entire activity of share trading, including delivery-based and non-delivery based transactions, should be considered as one composite business before applying the Explanation to Section 73 of the Income Tax Act. The Tribunal emphasized consistency in treatment and noted that both delivery-based and derivative transactions are not speculative under Section 43(5), warranting a uniform approach in assessing the nature of transactions. en-us Wed, 09 Dec 2015 00:00:00 +0530 Fri, 11 Dec 2015 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269258 The Tribunal allowed the assessee's appeal, ruling that the loss from share dealing should be set off against the profits from Future & Option transactions. It held that the entire activity of share trading, including delivery-based and non-delivery based transactions, should be considered as one composite business before applying the Explanation to Section 73 of the Income Tax Act. The Tribunal emphasized consistency in treatment and noted that both delivery-based and derivative transactions are not speculative under Section 43(5), warranting a uniform approach in assessing the nature of transactions. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269258