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Disallowance of speculative loss occurred on derivative ...


Tribunal Rules Derivative Losses Are Not Speculative Due to Actual and Constructive Deliveries Involved.

November 25, 2017

Case Laws     Income Tax     HC

Disallowance of speculative loss occurred on derivative transactions - Tribunal has correctly held that there is an actual delivery and constructive delivery and they will not come within the purview of the "speculative transaction". - HC

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