Why does the marked to market loss or an expected loss shall not be recognised as per ICDS-I.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dated:- 8-9-2017 - Manual - ICDS I : Accounting Policies The marked to market loss or an expected loss shall not be recognised unless the recognition of such loss is in accordance with the provi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t in the case of CIT v Woodward Governor India (P) Ltd. 2009 (4) TMI 4 - SUPREME COURT held that loss arising on account of fluctuation in the rate of exchange in respect of loans taken for revenu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X