https://www.taxtmi.com/caselaws?id=365053 The High Court upheld the Tribunal's decision in favor of the Assessee, ruling that off-market commodity trading transactions were legitimate and adequately supported by evidence. The Court found no legal issues warranting interference, dismissing the appeal and stay petition under Section 260A of the Income Tax Act, 1961. Consequently, the Assessee's speculation losses from commodity trading in off-market transactions were not added to their income for the assessment year 2009-10. en-us Tue, 19 Jun 2018 00:00:00 +0530 Thu, 09 Aug 2018 21:48:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365053 The High Court upheld the Tribunal's decision in favor of the Assessee, ruling that off-market commodity trading transactions were legitimate and adequately supported by evidence. The Court found no legal issues warranting interference, dismissing the appeal and stay petition under Section 260A of the Income Tax Act, 1961. Consequently, the Assessee's speculation losses from commodity trading in off-market transactions were not added to their income for the assessment year 2009-10. Case-Laws Income Tax Tue, 19 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365053