Case Law Details
Brief of the Case
In the present facts of the Case the Hon’ble Tribunal completely relied on the Judgment of M/s. Indsec Securities & Finance Ltd., ITA No. 4236/M/2012, where it was observed that Derivatives are also Stock-in-trade and accordingly the valuation will be done.
Facts of the Case
In the present facts of the Case, the Ld. CIT(A) have deleted the addition of Rs. Rs.8,55,86,854/- made on account of mark to market loss claimed on account of trading in derivative transactions where the actual loss or the profit in respect of such derivative transaction would have to get crystallized only at the time of settlement of such transaction.
Contention of the Assessee
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