Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
The disputed transactions were speculative and not hedging...
Transactions Deemed Speculative, Not Hedging, Due to Lack of Specific Bill and Purchase Order Connection by Assessee.
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Income TaxOctober 31, 2014Case LawsAT
The disputed transactions were speculative and not hedging transaction - assessee could not relate any single bill to any of the contract and it had not provided detail of any purchase order relatable to specific transaction - AT