https://www.taxtmi.com/caselaws?id=369136 The Tribunal allowed the appeal filed by M/s. Sucon India Ltd., holding that the loss incurred on derivative transactions was not speculative and could be set off against business income under section 73 of the Income Tax Act, 1961. The addition made by the Assessing Officer was deleted, and the appellant's contentions were upheld based on legal interpretations and precedents cited during the proceedings. en-us Fri, 05 Oct 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:53:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369136 The Tribunal allowed the appeal filed by M/s. Sucon India Ltd., holding that the loss incurred on derivative transactions was not speculative and could be set off against business income under section 73 of the Income Tax Act, 1961. The addition made by the Assessing Officer was deleted, and the appellant's contentions were upheld based on legal interpretations and precedents cited during the proceedings. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369136