Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (9) TMI 44 - AT - Income TaxCapital gain - nature of income arising from early settlement of forward foreign exchange contract - forward contract had been entered into by the assessee to safeguard the foreign exchange loan taken for purchase of debentures – Held that:- Debentures are capital assets - gains arising from early settlement of forward foreign exchange contract has to be treated as capital gain - appeals of the assessee are allowed.
|