https://www.taxtmi.com/highlights?id=68613 Losses incurred by the assessee from F & O operations - Speculation loss or business loss - Loss incurred on account of derivatives would be deemed business loss under proviso to section 43(5) and not speculation loss and, hence, Explanation to section 73 could not be applicable; and such loss would be set off against income from business - AT en-us Mon, 06 Mar 2023 11:18:46 +0530 Mon, 06 Mar 2023 11:18:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68613 Losses incurred by the assessee from F & O operations - Speculation loss or business loss - Loss incurred on account of derivatives would be deemed business loss under proviso to section 43(5) and not speculation loss and, hence, Explanation to section 73 could not be applicable; and such loss would be set off against income from business - AT Highlights Income Tax Mon, 06 Mar 2023 11:18:46 +0530 https://www.taxtmi.com/highlights?id=68613