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

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..... ted:- 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 provisions .....

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..... 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 revenue purposes wa .....

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