https://www.taxtmi.com/caselaws?id=18715 The court ruled in favor of the assessee, determining that the loss claimed was not speculation loss but rather legitimate hedging transactions to guard against price fluctuations. The court emphasized the genuineness of the transactions and the intent to hedge as crucial factors. The Tribunal's decision was affirmed, allowing the assessee to claim the hedging loss under the Income-tax Act. All questions were answered in favor of the assessee, with no order as to costs. en-us Fri, 22 Sep 1995 00:00:00 +0530 Sat, 31 Oct 2009 15:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18715 The court ruled in favor of the assessee, determining that the loss claimed was not speculation loss but rather legitimate hedging transactions to guard against price fluctuations. The court emphasized the genuineness of the transactions and the intent to hedge as crucial factors. The Tribunal's decision was affirmed, allowing the assessee to claim the hedging loss under the Income-tax Act. All questions were answered in favor of the assessee, with no order as to costs. Case-Laws Income Tax Fri, 22 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18715