https://www.taxtmi.com/caselaws?id=444031 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision regarding the nature of loss on forward contracts, treating it as a business loss rather than speculative. The Tribunal also affirmed the treatment of the amount received on lease termination as 'income from other sources' instead of capital gains or income from house property. Both appeals were dismissed, and the Tribunal found no grounds to overturn the decisions made by the Commissioner of Income Tax (Appeals). en-us Wed, 09 Aug 2023 00:00:00 +0530 Sat, 07 Oct 2023 22:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444031 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision regarding the nature of loss on forward contracts, treating it as a business loss rather than speculative. The Tribunal also affirmed the treatment of the amount received on lease termination as 'income from other sources' instead of capital gains or income from house property. Both appeals were dismissed, and the Tribunal found no grounds to overturn the decisions made by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444031