Speculative loss or not - the impugned loss falls under the proviso (d) to section 43(5) of the Act and...

Speculative loss or not - the impugned loss falls under the proviso (d) to section 43(5) of the Act and therefore cannot be treated as speculative loss and as such the assessee is eligible to set off the impugned loss from future and option transactions against other business income earned by the assessee during the year. .....

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