INCOME TAX : Where assessee, carrying on trading activities in stock and commodities, made provision for mark to market loss on trading in derivative and claimed loss as deductable business expenditure, even though loss was not finally crystallized as per prudent and regular system of accounting, loss had to be accounted for and, thus, same should be allowedINCOME TAX : Where assessee, carrying on trading activities in stock and commodities, made provision for mark to market loss on trading in derivative and claimed loss as deductable business expenditure, even though loss was not finally crystallized as per prudent and regular system of accounting, loss had to be accounted for and, thus, same should be allowedwww.taxmann.com Latest Case LawsRead More
