Court Examines Holding Loss Classification in Gold Forward Contracts; Assessee Fails to Prove Transaction Correlation with Jewelry Exports. https://www.taxtmi.com/highlights?id=39187 Holding loss as speculative loss - transactions of forward (future) contract of sale of gold to the Bank or the MMTC - assessee failed to correlate these forward contract transactions of gold and corresponding purchases and export of jewellery. - AT en-us Wed, 02 May 2018 12:47:29 +0530 Wed, 02 May 2018 12:47:29 +0530 TaxTMI RSS Generator Court Examines Holding Loss Classification in Gold Forward Contracts; Assessee Fails to Prove Transaction Correlation with Jewelry Exports. https://www.taxtmi.com/highlights?id=39187 Holding loss as speculative loss - transactions of forward (future) contract of sale of gold to the Bank or the MMTC - assessee failed to correlate these forward contract transactions of gold and corresponding purchases and export of jewellery. - AT Highlights Income Tax Wed, 02 May 2018 12:47:29 +0530 https://www.taxtmi.com/highlights?id=39187