Foreign Exchange Forward Contract Losses Recognized as Legitimate Business Losses; Claims Permitted for Currency Hedging.

Loss on Forward Contracts in foreign exchange - such transactions were carried out in the normal course of business to guard against the fluctuation in foreign exchange such transactions are in nature of hedging transactions, loss on which is genuinely business loss - claim of loss allowed - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X