TMI BlogSpeculative transactions - set off of the loss - transaction in derivatives on recognized stock exchange...Speculative transactions - set off of the loss - transaction in derivatives on recognized stock exchange as defined under Section 43 (5) (d) of the Income Tax Act, 1961 with reference to explanation given to Section 73 - the transactions in respect of the trading in derivatives as prescribed in clause (d) inserted in proviso to Section 43(5) would not be a speculative transaction. - The appellant was entitled to claim set off of the loss suffered by the appellant - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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