2016 (10) TMI 1110

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..... nd merchant - Held that:- The issue arising herein stands concluded against the Revenue and in favour of the respondent assessee by the decision of this Court in Commissioner of Income Tax Vs. M/s. D. Chetan & Co. (2016 (10) TMI 629 - BOMBAY HIGH COURT ) held Tribunal was justified in deleting the addition of 'Mark to Market' Loss made by the Assessing Officer on account of disallowance of loss on .....

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..... are integral or incidental to the export of diamonds arising from cancellation of matured contracts inspite of the fact that the assessee does not deal in foreign exchange and is a diamond merchant? 3. Mrs. Bharucha, learned Counsel for the appellant Revenue very fairly states that the issue arising herein stands concluded against the Revenue and in favour of the respondent assessee by the deci .....

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