My query is as under, request your response with CC to email@example.com.
Request to cite case judgement if any in this regard.
Background :Tax assessee has not filed any tax return and requires to
furnish same during inquiry proceeding.
Is the assessee eligible to claim losses incurred in derivative trading
as business losses and set off same against any other income for the
respective financial year(s) ?
(i.e. please note, not carry forward and set off losses in the future year but for the same assessment year)