https://www.taxtmi.com/caselaws?id=279081 The ITAT allowed the appeal of the assessee, directing the AO to assess loss from derivative transactions as a business loss, accept short term capital loss from delivery-based share transactions, allow set off of losses against other income, review interest expenditure based on loan use, and recognize the change of self-occupied property chosen by the assessee. The ITAT disagreed with the lower authorities' treatment of losses, interest expenditure, and self-occupied property selection, setting aside their orders. en-us Wed, 23 May 2018 00:00:00 +0530 Sat, 02 Mar 2019 13:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279081 The ITAT allowed the appeal of the assessee, directing the AO to assess loss from derivative transactions as a business loss, accept short term capital loss from delivery-based share transactions, allow set off of losses against other income, review interest expenditure based on loan use, and recognize the change of self-occupied property chosen by the assessee. The ITAT disagreed with the lower authorities' treatment of losses, interest expenditure, and self-occupied property selection, setting aside their orders. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279081