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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Denial of claim of set off of loss from derivative u/s 73 - Loss ...


Loss from Derivative Transaction Not Speculative, Can Adjust Against Business Income, Despite Section 73 Set-Off Denial.

February 17, 2017

Case Laws     Income Tax     AT

Denial of claim of set off of loss from derivative u/s 73 - Loss incurred on derivative transaction was not a speculative loss and is allowed to be adjusted against business income. - AT

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