Loss in derivatibes before 25.01.2006 by assessee having status of NBFC with certificate from RBI cannot treat as speculation loss
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The ground raised in the appeal is that on the facts of the case and in law the Ld. Commissioner of Income Tax (A) erred in confirming that the Derivative Loss of ` 1,15,880/- on dealing in future and option derivatives of shares in Recognized Stock Exchange Prior to 25.1.2006 is Speculation loss
Citation :
Harsha Capital Services Ltd., A-111, Preet Vihar, Delhi – 110 092 (PAN: AAACH7449H) (Appellant) Vs. ITO, Ward-12(3), New Delhi (Respondent)
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CS Bijoy
Published in Income Tax
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