Loss on settlement of forward contracts allowable even if no actual payment was made; SLP dismissed

INCOME TAX : SLP dismissed against impugned order of High Court holding that loss on account of settlement of forward contracts for purchase of plant and machinery was allowable even in a case where payment was not actually made by assesseeINCOME TAX : SLP dismissed against impugned order of High Court holding that loss on account of settlement of forward contracts for purchase of plant and machinery was allowable even in a case where payment was not actually made by assesseewww.taxmann.com Latest Case LawsRead More

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