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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Nature of loss - speculative transaction - When the assessee is ...

Case Laws     Income Tax

June 5, 2018

Nature of loss - speculative transaction - When the assessee is not dealer in foreign exchange and as a part of his normal business activity, enters into hedging contracts of foreign exchange, the loss in question is normal business loss and cannot be held a “Speculation Loss” - AT

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