Tribunal held that assessee, carrying on trading activities in stock and commodities and held derivatives as stock-in-trade, its claim for loss at end of year on mark to market basis could not be disallowed on ground that same was contingent in nature .(AY.2011-12)
Edel Commodities Ltd. v. DCIT ( 2018) 170 ITD 402/166 DTR 289/194 TTJ 86 (Mum) (Trib.)
S.28(i): Business loss -Derivatives- loss at end of year on mark to market basis could not be disallowed on ground that same was contingent in nature [ S.37(1) ]