https://www.taxtmi.com/caselaws?id=779896 Unrealized gains shown in a marked-to-market report on unsold derivative and share positions were held not taxable as current-year income because the profit had not been actually realised during the year; the corresponding gain or loss was recognised only on settlement in the subsequent year, so the addition was deleted. The claim for credit of TCS relating to the liquor business was not finally examined on the necessary factual material and was therefore remitted for verification and fresh decision by the Assessing Officer. The matter thus resulted in a partial allowance, with relief on the unrealised derivative profit issue and further examination directed on the TCS credit claim. en-us Thu, 18 Sep 2025 00:00:00 +0530 Wed, 15 Oct 2025 08:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779896 Unrealized gains shown in a marked-to-market report on unsold derivative and share positions were held not taxable as current-year income because the profit had not been actually realised during the year; the corresponding gain or loss was recognised only on settlement in the subsequent year, so the addition was deleted. The claim for credit of TCS relating to the liquor business was not finally examined on the necessary factual material and was therefore remitted for verification and fresh decision by the Assessing Officer. The matter thus resulted in a partial allowance, with relief on the unrealised derivative profit issue and further examination directed on the TCS credit claim. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779896