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Court Rules Derivative Segment Losses Aren't Speculative; Allows Set-Off Against Profits in Cash Segment Transactions.

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....Treatment of business loss as speculation loss - while the assessee incurred losses in derivative segment (F&O business), it has earned profits in cash segment i.e. on account of ordinary action of purchase and sale of shares simplicitor. - Loss cannot be treated as speculative loss.....

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Court Rules Derivative Segment Losses Aren't Speculative; Allows Set-Off Against Profits in Cash Segment Transactions.