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![Loss or Profit earned in derivative/future arbitrage can be Set Off against the Profit/Loss of delivery based Share Transactions: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Loss or Profit earned in derivative/future arbitrage can be Set Off against the Profit/Loss of delivery based Share Transactions: ITAT Mumbai [Read Order]")
Loss or Profit earned in derivative/future arbitrage can be Set Off against the Profit/Loss of delivery based Share Transactions: ITAT Mumbai [Read Order]
The Mumbai bench of the ITAT, recently in the case of J.M. Financial Services Ltd v. Joint Commissioner of Income Tax, held that the loss or profit...