F&O Transactions on recognized Stock Exchange cannot be treated as Speculative Transaction

Shri Dron Sureshkumar Rao Vs. ITO (ITAT Ahemdabad)

F&O business carried out through recognized stock exchange cannot be treated as speculative loss in view of the exceptions carried out under s.43(5) of the Act. As per clause(d) of first proviso to section 43(5) of the Act inserted by the Please become a Premium member. If you are already a Premium member, login here to access the full content.