TMI Blog2019 (2) TMI 1715X X X X Extracts X X X X X X X X Extracts X X X X ..... the parties that the issue raised herein stands concluded against the Appellant Revenue by the decision of this Court in CIT v/s. M/s. D. Chetan Co. [ 2016 (10) TMI 629 - BOMBAY HIGH COURT] Revenue states that in view of the Instruction No.3 of 2010 dated 23rd March, 2010, the issued by the CBDT contend that, loss in such case is notional and contingent in nature and same should be added b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 7 th October, 2015 is in respect of Assessment Year 2009 10. 2 The Revenue urges the following question of law for our consideration: Whether on the facts and in the circumstance of the case and in law, the Tribunal failed to appreciate that loss due to revaluation of forward exchange contracts being mark to market loss was only notional and contin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his Court in M/s. D. Chetan Co., (supra). Therefore, the above Circular/ Instruction would not have any application in the face of the decision of this Court in M/s. D.Chetan Co., (supra). 5 In the above view, the question as proposed, does not give rise to any substantial question of law. Thus, not entertained. 6 Accordingly, Appeal dismissed. No order as to costs. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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