https://www.taxtmi.com/caselaws?id=368754 The Tribunal upheld the CIT(A)'s decision that losses from exchange traded currency derivatives were normal business losses, not speculative, under Section 43(5)(d) of the Income Tax Act. The appeal of the Revenue challenging the deletion of speculation loss addition was dismissed. en-us Tue, 04 Sep 2018 00:00:00 +0530 Sat, 13 Oct 2018 15:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368754 The Tribunal upheld the CIT(A)'s decision that losses from exchange traded currency derivatives were normal business losses, not speculative, under Section 43(5)(d) of the Income Tax Act. The appeal of the Revenue challenging the deletion of speculation loss addition was dismissed. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368754