Assessee claimed loss under S. 43(5) on hedging of soya in commodity exchange. Dismissing the appeal of the assessee the Tribunal held that the assessee was regularly entering into transactions of purchases/sale and commodity derivatives with NCDEX . No specific details  shown by the assessee  to demonstrate  that to guard against loss through price fluctuation which might arise from contracts for delivery of goods. Accordingly the loss from alleged contracts did not fall under proviso (a) of section 43(5) of the Act. [S. 43(5)] (AY.2011012)