https://www.taxtmi.com/caselaws?id=381006 The Tribunal allowed the assessee's appeal partially, directing the Assessing Officer to permit the set off of the loss from commodity futures and options against non-speculative business income. The decision was based on the Mumbai Bench's ruling, stating that transactions in commodity derivatives through recognized stock exchanges post-April 1, 2006, should not be treated as speculative. Consequently, Ground No. 3 of the assessee's appeal was upheld, and the order was pronounced on May 29, 2019. en-us Wed, 29 May 2019 00:00:00 +0530 Sat, 01 Jun 2019 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381006 The Tribunal allowed the assessee's appeal partially, directing the Assessing Officer to permit the set off of the loss from commodity futures and options against non-speculative business income. The decision was based on the Mumbai Bench's ruling, stating that transactions in commodity derivatives through recognized stock exchanges post-April 1, 2006, should not be treated as speculative. Consequently, Ground No. 3 of the assessee's appeal was upheld, and the order was pronounced on May 29, 2019. Case-Laws Income Tax Wed, 29 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381006