Mark-to-market loss claim on revaluation of the pending forward ...
Mark-to-Market Loss Claim: Forward Contract Revaluation and Crystallization of Liabilities on Balance Sheet Date.
July 11, 2013
Case Laws Income Tax AT
Mark-to-market loss claim on revaluation of the pending forward contract on the closing day - a liability is said to have crystallized when a pending obligation on the balance sheet date is determinable with reasonable certainty. - AT
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