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2021 (6) TMI 457 - AT - Income TaxBusiness loss v/s speculative loss - loss derived on currency derivative transaction as business loss - loss of the assessee as business loss derived by the assessee on currency derivative transaction - HELD THAT:- We find that the ld. CIT(A) had followed this Tribunal order rendered in assessee’s own case for A.Y.2013-14 [2018 (1) TMI 938 - ITAT MUMBAI] and had held that the loss is a regular business loss and not speculative in nature. No other contrary decision was pointed out by the revenue before us on the impugned issue. We find that the decision rendered for A.Y. 2013-14 by this Tribunal shall apply mutatis mutandis to the year under consideration also in view of identical facts, except with variance in figures. Hence we do not find any infirmity in the said order. Accordingly, the grounds raised by the Revenue are dismissed.
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