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2020 (1) TMI 1618 - SC ORDERMaintainability of appeal on low effect - Disallowance of loss on foreign exchange forward contract loss - Whether the said loss was a notional loss and hence cannot be allowed? - HC Concluded issue against the Revenue and in favour of the Assessee - HELD THAT:- The petitioner, on instructions, issued by the Department of Revenue, Ministry of Finance vide F. No.390/Misc./116/2017-JC dated 22.08.2019, seeks permission to withdraw this Special Leave Petition along with pending applications there in due to low tax effect. Permission granted, subject to just exceptions - The special leave petition and pending applications are dismissed as withdrawn, leaving question of law open.
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