Disallowance of foreign currency exchange loss treating ...

Foreign Exchange Loss Deemed Speculative Despite Hedging on Confirmed Orders; Forward Contracts Considered Business Loss.

May 30, 2019

Case Laws Income Tax AT

Disallowance of foreign currency exchange loss treating speculative - the hedging of foreign currency was done on the basis of confirmed orders with the customers and past export performance which the bankers have duly verified and thereafter the forward contract were entered before the actual delivery of goods - intended to guard against losses through future price fluctuations - business loss

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Disallowance of foreign currency exchange loss treating ...

Foreign Exchange Loss Deemed Speculative Despite Hedging on Confirmed Orders; Forward Contracts Considered Business Loss.

May 30, 2019

Case Laws Income Tax AT

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