https://www.taxtmi.com/caselaws?id=177196 The Tribunal allowed the assessee's appeal, holding that the loss from forex derivative transactions should be treated as a business loss, not speculative. The Tribunal directed the Revenue to set off the losses against the business income, emphasizing that hedging transactions to mitigate business risks are not speculative. The judgment was pronounced in Chennai on 17th April 2015. en-us Fri, 17 Apr 2015 00:00:00 +0530 Tue, 05 Jan 2016 11:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177196 The Tribunal allowed the assessee's appeal, holding that the loss from forex derivative transactions should be treated as a business loss, not speculative. The Tribunal directed the Revenue to set off the losses against the business income, emphasizing that hedging transactions to mitigate business risks are not speculative. The judgment was pronounced in Chennai on 17th April 2015. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177196