MCX Stock Exchange Transactions Post-April 1, 2006, Recognized as Non-Speculative; Losses Allowed Per Section 43(5) Income Tax Act.

The transactions carried out through MCX Stock Exchange after 1.4.2006, would be eligible for being treated as non-speculative derivates within the meaning of clause (d) of proviso to section 43(5) - AO directed to allow the loss - AT .....

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