Trading in cash & derivative segment cannot be splitted as speculative & non-speculative

Brief of the case:

The ITAT bench of Mumbai in the above cited case held that simultaneous trading of shares in cash segment  and arbitrage in derivative segment  by assessee company cannot be splitted into speculative and non-speculative transactions . So, as soon as it is found that assessee is trading in shares , the entire trading activity to be treated as speculative business as per explanation to Sec 73 which clearly state that if any part of assessee’s business is trading in shares then the same tra

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