https://www.taxtmi.com/caselaws?id=776032 The HC held that losses from trading in derivatives are to be treated as business losses under the proviso to Sec. 43(5) and not as speculation losses. Consequently, such losses can be set off against business income. The Explanation to Sec. 73, which pertains to speculation losses, does not apply in this context. The decision was rendered against the revenue. en-us Mon, 28 Jul 2025 00:00:00 +0530 Mon, 04 Aug 2025 08:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776032 The HC held that losses from trading in derivatives are to be treated as business losses under the proviso to Sec. 43(5) and not as speculation losses. Consequently, such losses can be set off against business income. The Explanation to Sec. 73, which pertains to speculation losses, does not apply in this context. The decision was rendered against the revenue. Case-Laws Income Tax Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776032