https://www.taxtmi.com/caselaws?id=339023 The Tribunal partly allowed the appeal by ruling in favor of the assessee regarding the set-off of losses from derivative transactions, following the Calcutta High Court's judgment. However, it upheld the denial of set-off for losses from the purchase and sale of shares, in line with statutory provisions and previous Tribunal decisions. The intraday trading loss was not contested and therefore not allowed for set-off against business income. The decision was rendered on 18th January 2017. en-us Wed, 18 Jan 2017 00:00:00 +0530 Fri, 17 Feb 2017 08:31:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339023 The Tribunal partly allowed the appeal by ruling in favor of the assessee regarding the set-off of losses from derivative transactions, following the Calcutta High Court's judgment. However, it upheld the denial of set-off for losses from the purchase and sale of shares, in line with statutory provisions and previous Tribunal decisions. The intraday trading loss was not contested and therefore not allowed for set-off against business income. The decision was rendered on 18th January 2017. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339023