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2017 (7) TMI 1439 - HC - Income TaxAddition of 'Mark to Market' Loss - disallowance of loss on foreign exchange forward contract loss - HELD THAT:- The question raised in the present appeal is covered by the judgment of this Court in M/S. D. CHETAN & CO. [2016 (10) TMI 629 - BOMBAY HIGH COURT] as decided Tribunal was justified in deleting the addition of 'Mark to Market' Loss made by the Assessing Officer on account of disallowance of loss on foreign exchange forward contract loss. - Decided in favour of assessee.
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