https://www.taxtmi.com/caselaws?id=200822 The Appellate Tribunal allowed the assessee's appeal, overturning the decisions of the lower authorities. It held that the loss in derivatives transactions was genuine, supported by evidence of transactions conducted through banking channels and compliance with NSE regulations. The Tribunal criticized the lower authorities for relying on conjecture and guesswork, emphasizing that no manipulation was evident. Consequently, the Tribunal directed the Assessing Officer to treat the loss as eligible for deduction, thereby ruling in favor of the assessee. en-us Fri, 16 Jun 2017 00:00:00 +0530 Wed, 25 Apr 2018 17:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200822 The Appellate Tribunal allowed the assessee's appeal, overturning the decisions of the lower authorities. It held that the loss in derivatives transactions was genuine, supported by evidence of transactions conducted through banking channels and compliance with NSE regulations. The Tribunal criticized the lower authorities for relying on conjecture and guesswork, emphasizing that no manipulation was evident. Consequently, the Tribunal directed the Assessing Officer to treat the loss as eligible for deduction, thereby ruling in favor of the assessee. Case-Laws Income Tax Fri, 16 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200822