ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]

By Aparna. M - On March 12, 2024 2:04 pm - 2 mins read
ITAT - ITAT Delhi - Income Tax - ITAT deletes addition - Derivative transaction - taxscan

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted additions made towards the loss incurred on the derivative transactions carried through the proper banking channel. The Assessee Kulvinder Nath Marwah, is an individual deriving income from business, house property and from other sources. The return of income for the Asst. Year 2014-15…

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