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2017 (11) TMI 738

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..... as considered by the Division Bench and answered against the Appellant – Revenue. As of today, the said decision has attained finality. - Decided against revenue - Income Tax Appeal No. 352 of 2015 - - - Dated:- 1-11-2017 - A. S. Oka And A. K. Menon, JJ. Mr. N.C. Mohanty for the Appellant Ms. Vasanti B. Patel for the Respondent ORDER P. C. 1 Heard the learned counsel appea .....

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..... wing the marked to market loss of ₹ 2,28,01,707/as business expenditure under Section 37(1) of Income Tax Act, 1961. 3 We have perused the said decision of this Court in the case of Commissioner of IncomeTax16, Mumbai Vs. M/s. D. Chetan Co. The same question was considered by the Division Bench and answered against the Appellant Revenue. As of today, the said decision has attained .....

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