Reassessment - Futures & Options loss - speculation loss or not ...

Income Tax

November 26, 2011

Reassessment - Futures & Options loss - speculation loss or not - The mere fact that the transactions were not delivery based, does not amount to tangible material - Unless there is tangible material to show that the character of the F&O transactions is not that of hedging transactions, the reopening of the assessment cannot be sustained..... - AT

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Reassessment - Futures & Options loss - speculation loss or not ...

Income Tax

November 26, 2011

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