https://www.taxtmi.com/caselaws?id=57888 A hedging loss arising from a share transaction entered into to protect against price fluctuations falls outside the speculative transaction category under section 43(5)(b) of the Income-tax Act, 1961. The provision applies to contracts in stocks and shares used to guard against loss in holdings and does not require the assessee to be regularly engaged in hedging transactions. It also makes no distinction between shares held as stock-in-trade and shares held as investment. The loss was therefore treated as non-speculative and allowable for deduction or set-off. en-us Sat, 03 May 1975 00:00:00 +0530 Wed, 15 Dec 2010 12:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57888 A hedging loss arising from a share transaction entered into to protect against price fluctuations falls outside the speculative transaction category under section 43(5)(b) of the Income-tax Act, 1961. The provision applies to contracts in stocks and shares used to guard against loss in holdings and does not require the assessee to be regularly engaged in hedging transactions. It also makes no distinction between shares held as stock-in-trade and shares held as investment. The loss was therefore treated as non-speculative and allowable for deduction or set-off. Case-Laws Income Tax Sat, 03 May 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57888