Allowing the appeal of the assessee the Tribunal held that ; transactions of currency derivatives were conducted through a recognised stock broker, on a recognised stock exchange and which were duly supported by time stamped contract notes, same could not be termed as speculative transaction ( AY. 2013-14, 2014-15)
Nand Nandan Agrawal v. DCIT (2018) 169 ITD 161 (Agra) (Trib.)
S. 43(5) : Speculative transaction – Currency derivatives -Transactions through a recognised stock broker on recognised stock exchange , could not be termed as speculative transaction . [ S.73 ]