Loss in connection with the hedging contract - business loss or ...

Court Rules Forward Contracts Loss as Business Loss, Not Speculative, u/s 43(5) for Export Hedging.

May 21, 2018

Case Laws Income Tax HC

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 implementing the export contracts, the assessee had entered into forward contract with the banks - the transaction cannot be stated to be in speculation as to cover under subsection (5) of section 43 - HC

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Loss in connection with the hedging contract - business loss or ...

Court Rules Forward Contracts Loss as Business Loss, Not Speculative, u/s 43(5) for Export Hedging.

May 21, 2018

Case Laws Income Tax HC

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