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Income Tax - Highlights / Catch Notes

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Nature of loss - "business loss" or "speculative transactions" - ...

Income Tax

November 20, 2017

Nature of loss - "business loss" or "speculative transactions" - what is "hedging transaction" and when it can be a "speculative transaction"? - safeguard against loss through price fluctuation in respect of the contract for actual delivery of the goods manufactured - allowed as business loss - HC

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