Tag Archives: IT APPEAL NO. 2237 (AHD.) OF 2014

Loss from derivative is not Speculative Loss , It is normal business loss, Set off allowed : ITAT

By | June 29, 2018

The loss incurred on account of derivatives would be deemed business loss under proviso to section 43(5) and not speculation loss and, accordingly Explanation to section 73 could not be applied. Their Lordships have further held that that the “loss (on account of sale of derivatives) would be allowed to be set off against income arising out… Read More »