https://www.taxtmi.com/caselaws?id=362208 The ITAT upheld the decision of the CIT(A) to delete the addition for treating future & options trading derivative losses as speculation loss, following the Calcutta High Court judgment. The Revenue's appeal was dismissed due to the absence of contrary decisions from jurisdictional High Courts. The conflicting views between the Calcutta and Delhi High Courts were noted, but the ITAT favored the assessee based on the principle to resolve conflicts in favor of the taxpayer. The decision was pronounced on June 18, 2018. en-us Mon, 18 Jun 2018 00:00:00 +0530 Thu, 21 Jun 2018 06:24:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362208 The ITAT upheld the decision of the CIT(A) to delete the addition for treating future & options trading derivative losses as speculation loss, following the Calcutta High Court judgment. The Revenue's appeal was dismissed due to the absence of contrary decisions from jurisdictional High Courts. The conflicting views between the Calcutta and Delhi High Courts were noted, but the ITAT favored the assessee based on the principle to resolve conflicts in favor of the taxpayer. The decision was pronounced on June 18, 2018. Case-Laws Income Tax Mon, 18 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362208