Derivative Transaction
Last updated: 14 September 2009
Court :
Kolkata ITAT
Brief :
Derivatives transactions having underlying asset as shares are
covered under section 43(5) prior to the amendment (effective from
AY 2006-07) exempting derivatives from the definition of
‘speculative transaction’
Citation :
Shree Capital Services Ltd. v. ACIT (2009-TIOL-542-ITAT-KOL-SB)
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Jinesh Bhagdev
Published in Income Tax
Views : 3372
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