https://www.taxtmi.com/caselaws?id=179664 The Tribunal allowed the appeal filed by the assessee, holding that income from derivative transactions should be classified as capital gains or losses, not business income or losses. The Tribunal did not address the alternative plea regarding the application of the Treaty between India and Australia as the primary issue was resolved in favor of the assessee. en-us Wed, 05 Dec 2012 00:00:00 +0530 Mon, 07 Mar 2016 16:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179664 The Tribunal allowed the appeal filed by the assessee, holding that income from derivative transactions should be classified as capital gains or losses, not business income or losses. The Tribunal did not address the alternative plea regarding the application of the Treaty between India and Australia as the primary issue was resolved in favor of the assessee. Case-Laws Income Tax Wed, 05 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179664