TMI BlogAllowability of Derivative loss - separate addition on account of alleged payment of margin monies on an...Allowability of Derivative loss - separate addition on account of alleged payment of margin monies on an estimated basis - The Tribunal emphasized that in derivative transactions, the actual transfer of money under the heads 'purchase and sale' is notional, and only the resultant difference paid or received at the end of the transaction is relevant. The Tribunal recognized that losses incurred in derivative transactions, if paid by the assessee through regular banking channels and adequately evi..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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