Mark-to-market loss claim on revaluation of the pending forward ...

Case Laws Income Tax

July 11, 2013

Mark-to-market loss claim on revaluation of the pending forward contract on the closing day - a liability is said to have crystallized when a pending obligation on the balance sheet date is determinable with reasonable certainty. - AT

View Source

← Previous Next →

Mark-to-market loss claim on revaluation of the pending forward ...

Case Laws Income Tax

July 11, 2013

You may also like:

Revision u/s 263 by CIT-A - AO’s order is not erroneous and prejudicial to the interest of revenue since mark to market loss incurred by Company on revaluation of...

Mark to market loss - Contingent loss or not - Unrealized foreign exchange forward contract losses - 'mark to market' loss on such future and forward contracts are not a...

Allowing mark to market loss on account of outstanding forward contract liability - the forward contract transactions so entered during the course of regular business...

"Mark to Market” loss - AO did not disallow the claim of loss but CIT(A) disallowed the claim of loss - In the absence of any fact with regard to the nature of the said...

The assessee, a Foreign Portfolio Investor registered in India, entered into Forward Foreign Exchange Contracts (FCC) with HDFC Bank to safeguard against foreign...

Disallowance on account of 'mark to market loss' on F&O transaction - additions deleted - AT

Disallowance of mark to market loss - Pertinently, when the AO is accepting the gain offered as income by the assessee following similar accounting method, there is no...

Provision against SABAH forward contract as the order was cancelled beyond the year ending - Incurring of loss in a succeeding year is something quite different from...

Disallowance of swap contract loss - whether the loss is not real but a notional loss for the reason that there was no actual transaction carried out by the assessee -...

Disallowance of foreign exchange loss on account of marking to mark to market of forward contracts - "expenditure" as used in section 37 in Income Tax Act may in the...

Depreciation loss - loss arising due to forward contracts - Section 43A - The assessee even under unamended provision is entitled to benefit of the loss claimed by the...

When the contention of the assessee that all the forward contracts were settled by way of actual delivery through dollars received on export receivables, the assessee...

Loss on valuation of foreign exchange contract on M2M basis - Loss on forward contracts - speculative loss - The AO disallowed the addition on the grounds that the...

The loss arising on account of cancellation of forward contract would also be a business loss and therefore the assessee is entitled to claim the said loss in his books...

Addition on account of loss incurred by the assessee on account of forward and option derivative contract - loss arising from 'Marked to Market' valuation is allowable...

Quick Updates: