therefore, EMD
was forfeited and it was declard disqualified for future contracts. It
is submitted that the Committee, considering the earlier decision,
decided ... Meeting dated
18.06.2015 by which the petitioner was declared disqualified for
future contracts. It is submitted that the decision taken against the
petitioner
2009
Assessment Year: 1991-92
which is tangible in nature. A futures contract is an agreement between two
parties ... sell an asset at a certain time in the future at a certain price.
Futures contracts in both index as well as stocks
available with the company
is substantially higher than the quantity of future
contracts entered into by the appellant and squared
off Ld. AR added that ... forward contract of sale
can be treated as a hedge transaction if such a contract is
supported by a pre-existing contract
submit that the Petitioner is at
liberty to participate in the future contract since from 26.10.2017, one year has been
http://www.judis ... lapsed and hence he is at liberty to participate in the future contract. Since the
Petitioner is an aged person and only
shall be coming in the way
of petitioner appellant in the future contracts and this what is disturbing the
petitioner appellant.
11. We have also ... petitioner appellant for consideration of his case in future contracts,
if any, particularly in view of the letter dated 30.9.2016, issued by Public
Works Department
price of securities. futures or option position
is taken about an
impending transaction in
the same or related
futures or options
contract.
12. Although aforesaid ... whereby a futures or
option position is taken about an
impending transaction in the same or
related futures or options contract.
Under the provisions
cancellation
of forward contracts, the lower authorities observed that transactions in
future contracts lack transaction in stock and share of foreign exchange
when settled otherwise ... held that the future contracts are settled otherwise by then actual delivery
cannot be bound to held that future contracts are not speculative
contracts
erred in allowing mark to market loss on future
contracts being notional in nature amounting to Rs.32,94,611/-
inspite of the fact that ... contracts, the appellant prays that
the unexpired derivative contracts are rightly held as stock in business
and the loss on valuation of derivative contracts
words "if relating to forward contracts", the words "if relating td forward contracts, including futures and premium on options contract and also including all exercise ... interest rate relating to forward contract, exceeding in value twenty rupees relating to forward contract of commodities, including futures and premium on options contract
words "if relating to forward contracts", the words "if relating td forward contracts, including futures and premium on options contract and also including all exercise ... interest rate relating to forward contract, exceeding in value twenty rupees relating to forward contract of commodities, including futures and premium on options contract
