2017 (6) TMI 1086

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.... 1. Heard the learned Counsel for the parties. The present appeal relates to Assessment Year 2009-2010. 2. The appellant has filed the present appeal on the following questions: (I) Whether on the facts and in the circumstance of the case and in law, the Tribunal was right in deleting the addition of Rs. 88,13,515/made by the Assessing Officer on account of disallowance of loss on fo....

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....on 43(5)(d) of the Act treating such losses as speculative losses ? (IV) Whether on the facts and circumstances of the case and in law, the Tribunal was right in not following the decision of the ITAT, 'E' Bench, Mumbai in ITA No.506/Mum/2013 dated 03.05.2013 on the same ground in the case of M/s.S.Vinodkumar Diamonds Pvt.Ltd. which was decided in favour of the Revenue ?" 3. Mr....