https://www.taxtmi.com/caselaws?id=383000 The case involved a Tax Appeal under Section 260A of the Income Tax Act, 1961, where the Revenue challenged the treatment of derivative trading losses as speculative under Section 43(5)(d). The CIT (Appeals) and the Tribunal found that the losses met the conditions specified under Section 43(5)(d) and were non-speculative. The decision highlighted the importance of fulfilling these conditions, leading to the dismissal of the Revenue's appeal. en-us Tue, 09 Jul 2019 00:00:00 +0530 Mon, 15 Jul 2019 07:19:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383000 The case involved a Tax Appeal under Section 260A of the Income Tax Act, 1961, where the Revenue challenged the treatment of derivative trading losses as speculative under Section 43(5)(d). The CIT (Appeals) and the Tribunal found that the losses met the conditions specified under Section 43(5)(d) and were non-speculative. The decision highlighted the importance of fulfilling these conditions, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383000