https://www.taxtmi.com/caselaws?id=356288 The Tribunal allowed the assessee's appeal, overturning the disallowance of setting off derivative losses against profits. It held that the assessee's commodity derivative trading constituted one business, not speculative, and should be assessed as business income. The Tribunal rejected the application of Section 43(5)(d) and instead applied the principle that trading in derivatives on recognized stock exchanges is not speculative. The appeal was allowed on 23-02-2018. en-us Fri, 23 Feb 2018 00:00:00 +0530 Wed, 28 Feb 2018 06:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356288 The Tribunal allowed the assessee's appeal, overturning the disallowance of setting off derivative losses against profits. It held that the assessee's commodity derivative trading constituted one business, not speculative, and should be assessed as business income. The Tribunal rejected the application of Section 43(5)(d) and instead applied the principle that trading in derivatives on recognized stock exchanges is not speculative. The appeal was allowed on 23-02-2018. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356288