Addition on account of loss incurred by the assessee on account ...

Loss from Derivative Contracts 'Marked to Market' Valuation Deductible; Not Notional per Accounting Standard Ind AS 109.

September 10, 2019

Case Laws Income Tax AT

Addition on account of loss incurred by the assessee on account of forward and option derivative contract - loss arising from 'Marked to Market' valuation is allowable as deduction. Such loss is not considered as notional as per accounting standard-30 (Now, as per Ind AS 109) - AT

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Addition on account of loss incurred by the assessee on account ...

Loss from Derivative Contracts 'Marked to Market' Valuation Deductible; Not Notional per Accounting Standard Ind AS 109.

September 10, 2019

Case Laws Income Tax AT

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