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Income Tax - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Disallowance of loss in derivative transactions on the platform ...

Income Tax

December 29, 2023

Disallowance of loss in derivative transactions on the platform of National Exchange of India (NSE) - The derivative loss claimed by the assessee appears fully justified and requires to be accepted. The plea on behalf of revenue that such loss from open position has no effect on profit and loss is devoid of any merit. - AT

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