https://www.taxtmi.com/caselaws?id=181251 The Tribunal partly allowed the appeal, upholding the disallowance of the hedging loss as speculative. However, the issue of disallowed expenses related to speculative transactions and taxable capital gains was remanded for fresh consideration, directing the Assessing Officer to apply rule 8D of the Income-tax Rules, 1962. The order was pronounced on December 17, 2009. en-us Thu, 17 Dec 2009 00:00:00 +0530 Mon, 11 Apr 2016 17:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181251 The Tribunal partly allowed the appeal, upholding the disallowance of the hedging loss as speculative. However, the issue of disallowed expenses related to speculative transactions and taxable capital gains was remanded for fresh consideration, directing the Assessing Officer to apply rule 8D of the Income-tax Rules, 1962. The order was pronounced on December 17, 2009. Case-Laws Income Tax Thu, 17 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181251