2019 (4) TMI 1396 - SCH - Income Tax

Speculative transaction - international price of crude palm oil and related products had declined during the relevant year and the same affected the Indian market - as per tribunal assessee had not taken delivery of a consignment of sugar and the assessee suffered damages as a consequence thereto - Date which has to be reckoned for the purpose of determining the arm s length price in a contract with an associate concern - HELD THAT - SLP dismissed.