https://www.taxtmi.com/caselaws?id=367434 The Tribunal allowed the assessee's appeal, permitting the set-off of derivative losses from equity and commodity trading against regular income. The Tribunal held that the transactions were substantiated, eligible under Section 43(5), and not speculative, contrary to the AO's findings. The decision overturned the rulings of the AO and CIT(A), emphasizing the distinction between derivative and share transactions. en-us Mon, 17 Sep 2018 00:00:00 +0530 Wed, 19 Sep 2018 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367434 The Tribunal allowed the assessee's appeal, permitting the set-off of derivative losses from equity and commodity trading against regular income. The Tribunal held that the transactions were substantiated, eligible under Section 43(5), and not speculative, contrary to the AO's findings. The decision overturned the rulings of the AO and CIT(A), emphasizing the distinction between derivative and share transactions. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367434