Forward contract cancellation loss - In order to hedge against ...

High Court Rules Forward Contract Cancellation Loss is Tax-Deductible as Business Loss.

May 29, 2013

Case Laws Income Tax HC

Forward contract cancellation loss - In order to hedge against losses, the assessee had booked foreign exchange in the forward market with the bank. - allowed as business loss - HC

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Forward contract cancellation loss - In order to hedge against ...

High Court Rules Forward Contract Cancellation Loss is Tax-Deductible as Business Loss.

May 29, 2013

Case Laws Income Tax HC

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Forward contract cancellation loss - whether be treated as business loss - held yes since it is not a speculation transaction - HC

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Loss from foreign exchange transaction in the forward market - speculative loss v/s business loss - assessee was entitled to claim deduction in respect of payment made...

Incorrect set off of brought forward business loss and unabsorbed depreciation - The working of the Ld. AO contains the mistakes as they are not in consonance with the...

Set off of brought forward business loss against income from other sources - As provision of section 72 are very clear that brought forward business loss can only be set...

Loss in connection with the hedging contract - business loss or speculative loss - For the purpose of hedging the loss due to fluctuation in foreign exchange while...

Disallowance u/s 14A - Carry forward of business loss – setting off carry forward business losses now depends on the finality of the addition made by Assessing Officer...

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