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Loss from derivative is a normal business loss and not speculation loss

December 5, 2018[2018] 100 taxmann.com 42 (Ahmedabad - Trib.)
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IT: Loss incurred on account of derivatives would be deemed business loss under proviso to section 43(5) and not speculation loss and, hence, Explanation to section 73 could not be applicable; and such loss would be set off against income from business

IT: Disallowance under section 14A could not exceed exempt dividend income itself

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