2019 (2) TMI 1715

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..... ainst taxable income as per CBDT instruction 03/2010 dated 23.03.2010 - HELD THAT:- It is an agreed position between the parties that the issue raised herein stands concluded against the Appellant Revenue by the decision of this Court in CIT v/s. M/s. D. Chetan Co. [ 2016 (10) TMI 629 - BOMBAY HIGH COURT] Revenue states that in view of the Instruction No.3 of 2010 dated 23rd March, 2010, the issue .....

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..... order dated 7th October, 2015 is in respect of Assessment Year 2009­10. 2 The Revenue urges the following question of law for our consideration: " Whether on the facts and in the circumstance of the case and in law, the Tribunal failed to appreciate that loss due to revaluation of forward exchange contracts being mark to market loss was only notional and contingent in nature, and therefo .....

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