Foreign exchange forward contract incidental to export business to cover up losses due to foreign exchange rate variation not speculative…
What is principal business of assessee is very tricky question-High Court remands case to ITAT to examine applicability of exception…
Two Gujarat based companies notified as recognised stock exchange for derivative transaction not to be treated as speculative transaction Section…
Non speculative business loss can be set off against profits of any business including speculative business carried on by assessee…