Levy of penalty u/s 271(1)(c) - loss of mark of market ...

Penalty Under IT Act Sec 271(1)(c) Not Imposed for Loss in Mark-to-Market Forex Hedging with Dual Interpretations.

June 16, 2018

Case Laws Income Tax AT

Levy of penalty u/s 271(1)(c) - loss of mark of market transaction on foreign exchange hedging contract - where there are possible two views possible on an issue, penalty thereon cannot be levied.

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Levy of penalty u/s 271(1)(c) - loss of mark of market ...

Penalty Under IT Act Sec 271(1)(c) Not Imposed for Loss in Mark-to-Market Forex Hedging with Dual Interpretations.

June 16, 2018

Case Laws Income Tax AT

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