https://www.taxtmi.com/caselaws?id=284749 The Tribunal allowed both appeals for statistical purposes, remanding the issues back to the AO for further examination in line with the High Court's directions for the assessment year 2010-11. The Revenue's contentions regarding the treatment of speculative profit from forward contracts against the loss in the gold desk account and the addition of notional interest on interest-free advances were not upheld, with the CIT(A) disagreeing with the Revenue's stance on these matters. The Tribunal's decision led to a remand for further assessment in accordance with the High Court's directives. en-us Tue, 28 May 2019 00:00:00 +0530 Mon, 09 Dec 2019 10:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284749 The Tribunal allowed both appeals for statistical purposes, remanding the issues back to the AO for further examination in line with the High Court's directions for the assessment year 2010-11. The Revenue's contentions regarding the treatment of speculative profit from forward contracts against the loss in the gold desk account and the addition of notional interest on interest-free advances were not upheld, with the CIT(A) disagreeing with the Revenue's stance on these matters. The Tribunal's decision led to a remand for further assessment in accordance with the High Court's directives. Case-Laws Income Tax Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284749