2016 (11) TMI 1409

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... elates to Assessment Year 2008-09. 2. Admit on the following substantial questions of law : (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in allowing the appeal of the assessee in respect of disallowance made by the Assessing Officer on account of mark to market loss of Rs. 2,46,031/on unexpired future and option contract? (ii) Whether on .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... a on the basis that the derivatives transactions were in the nature of hedging transactions to safeguard variations in foreign exchange affecting the transactions in respect of import and export of goods would not apply to the present facts. 4. Registry is directed to communicate a copy of this order to the Tribunal. This would enable the Tribunal to keep the papers and proceedings relating to th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X