2017 (2) TMI 1243

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..... nds arising from cancellation of matured contracts - Held that:- The issue arising herein stands concluded against the Revenue and in favour of the respondent assessee by the decision of this Court in Commissioner of Income Tax Vs. M/s. D. Chetan & Co. (2016 (10) TMI 629 - BOMBAY HIGH COURT ) held Tribunal was justified in deleting the addition of 'Mark to Market' Loss made by the Assessing Office .....

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..... monds arising from cancellation of matured contracts in spite of the fact that assessee does not deal in foreign exchange and is a diamond merchant"? 3. Ms.Bharucha, learned Counsel for the Revenue very fairly states that the issue raised herein stands concluded against the Revenue and in favour of the respondent assessee by the decision of this Court in Commissioner of Income Tax-16 vs. M/s. D.C .....

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