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2018 (7) TMI 565 - SCH - Income TaxLoss on account of actual cancellation of forward contracts - Addition pertains to loss on account of the reversal of the MTM gain on revaluation of pending forward contracts and this could not be even deleted. - Held that:- Since the tax effect of the aforesaid amount would be much less, leaving the question of law open, the special leave petition is dismissed.
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