https://www.taxtmi.com/caselaws?id=344068 The Tribunal upheld the disallowance of INR 21,80,46,325 on account of MTM losses, stating that these were speculative transactions and not actual trading liabilities. The appeal of the assessee was dismissed in its entirety, with grounds related to limitation, charging of interest, and initiation of penalty proceedings being dismissed as not pressed, consequential, and premature, respectively. en-us Mon, 29 May 2017 00:00:00 +0530 Thu, 08 Jun 2017 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344068 The Tribunal upheld the disallowance of INR 21,80,46,325 on account of MTM losses, stating that these were speculative transactions and not actual trading liabilities. The appeal of the assessee was dismissed in its entirety, with grounds related to limitation, charging of interest, and initiation of penalty proceedings being dismissed as not pressed, consequential, and premature, respectively. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344068