https://www.taxtmi.com/caselaws?id=327604 The Tribunal allowed the set-off of F&O derivative trading losses against short-term capital gains and other income, excluding salary income, as per Section 71(2). However, the assessee is not entitled to carry forward the unadjusted business loss due to the late filing of the return. The appeal was partly allowed, addressing grounds 1, 2, and 5, while grounds 3 and 4 were dismissed. en-us Wed, 30 Mar 2016 00:00:00 +0530 Sat, 14 May 2016 00:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327604 The Tribunal allowed the set-off of F&O derivative trading losses against short-term capital gains and other income, excluding salary income, as per Section 71(2). However, the assessee is not entitled to carry forward the unadjusted business loss due to the late filing of the return. The appeal was partly allowed, addressing grounds 1, 2, and 5, while grounds 3 and 4 were dismissed. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327604