https://www.taxtmi.com/caselaws?id=283216 The ITAT partially allowed the assessee's appeal for the assessment year 2013-14. It ruled in favor of the assessee regarding the treatment of business losses from Future & Options and equity shares, stating that losses from derivative transactions falling under Proviso (d) to Section 43(5) should not be considered speculative losses under section 73. However, the disallowance of expenses under section 14A by the assessing officer was upheld due to the lack of substantiating material provided by the assessee. The appeal outcome was pronounced on 26-06-2019. en-us Wed, 26 Jun 2019 00:00:00 +0530 Thu, 12 Sep 2019 17:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283216 The ITAT partially allowed the assessee's appeal for the assessment year 2013-14. It ruled in favor of the assessee regarding the treatment of business losses from Future & Options and equity shares, stating that losses from derivative transactions falling under Proviso (d) to Section 43(5) should not be considered speculative losses under section 73. However, the disallowance of expenses under section 14A by the assessing officer was upheld due to the lack of substantiating material provided by the assessee. The appeal outcome was pronounced on 26-06-2019. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283216