https://www.taxtmi.com/caselaws?id=189735 The Tribunal upheld the CIT(A)'s decision to treat speculative losses as genuine, accepting evidence of transactions through an approved exchange. The Revenue's appeal was dismissed due to insufficient evidence challenging the legitimacy of transactions conducted through a third party without margin money. The CIT(A) found the transactions genuine, emphasizing the lack of evidence provided by the Revenue. Ultimately, the assessee prevailed, with the Tribunal affirming the decision in their favor regarding the treatment of speculative losses and transactions. en-us Sun, 17 Jan 2016 00:00:00 +0530 Wed, 18 Jan 2017 21:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189735 The Tribunal upheld the CIT(A)'s decision to treat speculative losses as genuine, accepting evidence of transactions through an approved exchange. The Revenue's appeal was dismissed due to insufficient evidence challenging the legitimacy of transactions conducted through a third party without margin money. The CIT(A) found the transactions genuine, emphasizing the lack of evidence provided by the Revenue. Ultimately, the assessee prevailed, with the Tribunal affirming the decision in their favor regarding the treatment of speculative losses and transactions. Case-Laws Income Tax Sun, 17 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189735