https://www.taxtmi.com/caselaws?id=328847 Contracts settled without actual delivery fell within the definition of speculative transactions, but the tribunal held that this did not, on these facts, create a separate speculation business. The transactions were only a small part of the assessee's overall cotton ginning activity and were entered into to ensure uninterrupted cotton supply. As a result, the related loss was treated as a business loss forming part of the regular business, and not as a separate speculation business loss. en-us Thu, 09 Jun 2016 00:00:00 +0530 Thu, 16 Jun 2016 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328847 Contracts settled without actual delivery fell within the definition of speculative transactions, but the tribunal held that this did not, on these facts, create a separate speculation business. The transactions were only a small part of the assessee's overall cotton ginning activity and were entered into to ensure uninterrupted cotton supply. As a result, the related loss was treated as a business loss forming part of the regular business, and not as a separate speculation business loss. Case-Laws Income Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328847