https://www.taxtmi.com/caselaws?id=359184 The Tribunal ruled in favor of the Assessee, holding that the CIT(A) was not justified in confirming the disallowance of the loss from derivative transactions. The Tribunal found that the loss claimed was genuine, supported by evidence, and the modifications made by the broker were within permissible limits. Therefore, the disallowance of the loss amounting to Rs. 5,46,885 was directed to be deleted. The appeal of the Assessee was allowed, and the order was pronounced on 30-08-2017. en-us Wed, 30 Aug 2017 00:00:00 +0530 Wed, 25 Apr 2018 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359184 The Tribunal ruled in favor of the Assessee, holding that the CIT(A) was not justified in confirming the disallowance of the loss from derivative transactions. The Tribunal found that the loss claimed was genuine, supported by evidence, and the modifications made by the broker were within permissible limits. Therefore, the disallowance of the loss amounting to Rs. 5,46,885 was directed to be deleted. The appeal of the Assessee was allowed, and the order was pronounced on 30-08-2017. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359184