https://www.taxtmi.com/caselaws?id=197901 The Appellate Tribunal allowed the Assessee's appeal, directing the Assessing Officer to treat F&O losses as speculative losses and re-compute interest under section 234B of the Income Tax Act. The Tribunal found the treatment of derivative transactions in line with a precedent from the Mumbai Bench, overturning the decisions of lower authorities. The appeal was allowed on 07/01/2011. en-us Fri, 07 Jan 2011 00:00:00 +0530 Wed, 17 Jan 2018 17:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197901 The Appellate Tribunal allowed the Assessee's appeal, directing the Assessing Officer to treat F&O losses as speculative losses and re-compute interest under section 234B of the Income Tax Act. The Tribunal found the treatment of derivative transactions in line with a precedent from the Mumbai Bench, overturning the decisions of lower authorities. The appeal was allowed on 07/01/2011. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197901