TMI BlogLoss in connection with the hedging contract - business loss or speculative loss - For the purpose of...Loss in connection with the hedging contract - business loss or speculative loss - For the purpose of hedging the loss due to fluctuation in foreign exchange while implementing the export contracts, the assessee had entered into forward contract with the banks - the transaction cannot be stated to be in speculation as to cover under subsection (5) of section 43 - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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