Loss incurred by FII from transaction in derivatives is a capital loss and not business loss

IT/ILT : In view of order passed in case of LG Asian Plus Ltd. v. Asstt. DIT (International Taxation) [2011] 11 taxmann.com 414/46 SOT 159 (Mum.), in case of assessee, a FII, loss incurred from transactions in derivatives was to be treated as capital loss and not as business loss