Income Tax: Currency Derivative can be treated as an Eligible Transaction u/s 43 (5), rules ITAT [Read Order]

Currency Derivative - eligible transaction - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Saktijit Dey, JM & Shri Pradip Kumar Kedia, AM has held that currency derivatives can be treated as eligible transactions u/s 43(5) of the Income Tax Act. The appellant assessee engaged in the share broking business and is also indulging in currency trading…

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