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The Commissioner of Income Tax (Central) – 4) Versus M/s. Walchandnagar Industries Ltd.

2017 (11) TMI 738 - BOMBAY HIGH COURT

Allowance of marked to market loss as business expenditure u/s 37(1) - Held that:- As perused the said decision of this Court in the case of Commissioner of Income Tax 16, Mumbai Vs. M/s. D. Chetan & Co [2016 (10) TMI 629 - BOMBAY HIGH COURT]. The sa .....

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K. Menon, JJ. Mr. N.C. Mohanty for the Appellant Ms. Vasanti B. Patel for the Respondent ORDER P. C. 1 Heard the learned counsel appearing for the appellant - Revenue. He states that the challenge in this Appeal to the judgment and order dated 21st A .....

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) Ltd. (2009) 179 Taxman 326 (SC) can be distinguished. However, he fairly pointed out the decision of this Court dated 1st October, 2016 in Income Tax Appeal No.278 of 2014 (Commissioner of IncomeTax16, Mumbai Vs. M/s. D. Chetan & Co.). 2 The su .....

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