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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

The loss arising on account of cancellation of forward contract ...


Cancellation of Forward Contract Recognized as Business Loss, Assessee Can Claim in Financial Records.

February 15, 2019

Case Laws     Income Tax     AT

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 of accounts.

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