Case Law Details
Case Name : Shree Capital Services Ltd. Vs ACIT (ITAT Kolkata)
Related Assessment Year :
Courts :
All ITAT ITAT Kolkata
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RELEVANT PARAGRAPH
5.1. Section 43(5), as it stood during assessment year under consideration, i.e. AY 2004-05, reads as under :-
“5) “speculative transaction” means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scripts:
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