Income Tax Authorities Rule Gold Forward Contract Loss as Hedging, Qualifying as Business Loss, Not Speculative Loss. https://www.taxtmi.com/highlights?id=36223 Forward contract loss - speculation loss or not - trading of gold and bullion - CIT(A) and ITAT has rightly considered all the materials on record to conclude that the impugned loss amounts to hedging loss and constitutes business loss. - HC en-us Tue, 05 Sep 2017 17:44:44 +0530 Tue, 05 Sep 2017 17:44:44 +0530 TaxTMI RSS Generator Income Tax Authorities Rule Gold Forward Contract Loss as Hedging, Qualifying as Business Loss, Not Speculative Loss. https://www.taxtmi.com/highlights?id=36223 Forward contract loss - speculation loss or not - trading of gold and bullion - CIT(A) and ITAT has rightly considered all the materials on record to conclude that the impugned loss amounts to hedging loss and constitutes business loss. - HC Highlights Income Tax Tue, 05 Sep 2017 17:44:44 +0530 https://www.taxtmi.com/highlights?id=36223