Derivatives will also fall within meaning of `commodity'


Last updated: 14 September 2009

Court :
ITAT, SPECIAL BENCH, KOLKATA

Brief :
If it is held that the transaction in derivatives does not fall in section 43(5), it will make clause (d) and Explanation thereto below section 43(5) introduced by Finance Act, 2005 to be redundant.

Citation :
ITA No. 1294 (Kol) of 2008

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