share broker loss from trading of derivative transaction is business loss
Assessee, a share broker, loss incurred in trading of derivative transaction i.e. future and options, was to be regarded as ‘business loss’ and thus same could be set off against its commission income earned on sale and purchase of shares IN THE ITAT CHENNAI BENCH ‘C’ Deputy Commissioner of Income-tax, Co. Circle-I(1) v. Aishwarya &… Read More »