When the contention of the assessee that all the forward ...
Assessee Cannot Claim "Mark to Market" Losses on Forward Contracts Settled by Actual Delivery Using Export Receivables.
June 8, 2017
Case Laws Income Tax AT
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 cannot be allowed “mark to market” losses on such forward contract - AT
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