https://www.taxtmi.com/caselaws?id=295686 The ITAT dismissed the departmental appeal, ruling that losses from future and option transactions through recognized Stock Exchanges cannot be considered speculative under section 43(5)(d) of the IT Act. The decision emphasizes the significance of conducting transactions via recognized Stock Exchanges to prevent speculative treatment of losses. en-us Tue, 23 Oct 2012 00:00:00 +0530 Tue, 15 Jun 2021 10:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295686 The ITAT dismissed the departmental appeal, ruling that losses from future and option transactions through recognized Stock Exchanges cannot be considered speculative under section 43(5)(d) of the IT Act. The decision emphasizes the significance of conducting transactions via recognized Stock Exchanges to prevent speculative treatment of losses. Case-Laws Income Tax Tue, 23 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295686