TMI BlogDisallowance on provision of loss on derivative contracts - The loss sustained by the assessee due to...Disallowance on provision of loss on derivative contracts - The loss sustained by the assessee due to fluctuation in foreign exchange while implementing export contract is incidental to assessee's course of business, therefore, such a loss is not a speculative loss but a business loss. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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