https://www.taxtmi.com/highlights?id=58017 Addition made towards profit in money market operations - in this case the physical delivery has not taken place and therefore the transactions of sale and purchase of securities are speculative transactions and so is the profit resulting from those transactions. The speculative transactions are defined under section 43(5) of the Act and are eligible to be set off against the loss of share transactions. Accordingly, we hold that the speculative loss from share market transactions is eligible to be set off against the profit from trading in money market securities. - AT en-us Tue, 18 May 2021 17:13:10 +0530 Tue, 18 May 2021 17:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58017 Addition made towards profit in money market operations - in this case the physical delivery has not taken place and therefore the transactions of sale and purchase of securities are speculative transactions and so is the profit resulting from those transactions. The speculative transactions are defined under section 43(5) of the Act and are eligible to be set off against the loss of share transactions. Accordingly, we hold that the speculative loss from share market transactions is eligible to be set off against the profit from trading in money market securities. - AT Highlights Income Tax Tue, 18 May 2021 17:13:10 +0530 https://www.taxtmi.com/highlights?id=58017