Loss incurred on foreign exchange cannot be treated as speculative loss within meaning of sec. 43(5): ITAT

INCOME TAX : Where loss incurred on foreign exchange was neither speculative loss within meaning of section 43(5), nor same was notional or contingent in nature, same being loss on foreign exchange derivatives was to be allowedINCOME TAX : Where loss incurred on foreign exchange was neither speculative loss within meaning of section 43(5), nor same was notional or contingent in nature, same being loss on foreign exchange derivatives was to be allowedwww.taxmann.com Latest Case LawsRead More

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