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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