https://www.taxtmi.com/caselaws?id=285920 The Tribunal partially allowed the appeal, determining that the loss claimed on cancellation of forward exchange contracts by the appellant was not speculative. The Assessing Officer's disallowance was overturned based on the contracts being cancelled after maturity, except for three specific ones resulting in profits. The Tribunal considered past cases and judicial precedents, concluding that the loss was incurred in the regular course of business. The order was pronounced on 30.10.2015. en-us Fri, 30 Oct 2015 00:00:00 +0530 Tue, 04 Feb 2020 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285920 The Tribunal partially allowed the appeal, determining that the loss claimed on cancellation of forward exchange contracts by the appellant was not speculative. The Assessing Officer's disallowance was overturned based on the contracts being cancelled after maturity, except for three specific ones resulting in profits. The Tribunal considered past cases and judicial precedents, concluding that the loss was incurred in the regular course of business. The order was pronounced on 30.10.2015. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285920