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Income Tax Officer vs Pali Ram Bhadarmal on 25 February, 2005 cites

Raghunath Prasad Poddar Etc vs Commissioner Of Income Tax, Calcutta on 25 April, 1973

7. This provision is further interpreted in the same manner by the Hon'ble Supreme Court in the case of Raghunath Prasad Poddar v. CIT , wherein it has been held that to effect a valid transfer of any commodity, it is not necessary that actual delivery of goods should follow. In case the goods were directly transferred to the transferee, the first transfer would also be a valid transfer and would not be an speculative transaction.
Supreme Court of India Cites 12 - Cited by 36 - K S Hegde - Full Document

Commissioner Of Income-Tax vs Shiv Narain Shivhare on 22 April, 1983

In the case of CIT v. Ramchandra Shiv Narain it has been held by Hon'ble Bombay High Court that the loss incurred in forward contract, entered into by the assessee in the course of its merchandise business to guard against loss by future fluctuations in the prices, is covered by proviso (a) to Section 43(5) of the Act and, therefore, in such forward contract is a business loss and not a speculative loss.
Madhya Pradesh High Court Cites 12 - Cited by 2 - Full Document
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