TMI BlogNature of loss - speculative transaction - When the assessee is not dealer in foreign exchange and as a...Nature of loss - speculative transaction - When the assessee is not dealer in foreign exchange and as a part of his normal business activity, enters into hedging contracts of foreign exchange, the loss in question is normal business loss and cannot be held a “Speculation Loss” - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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