Disallowance on account of forward booking loss treated as ...

Forward Booking Loss Allowed as Business Deduction u/s 37(1), Not Speculation Loss, Says Tax Commissioner.

April 17, 2017

Case Laws Income Tax AT

Disallowance on account of forward booking loss treated as speculation loss - there is a categorical finding by the CIT(A) that the transactions in question were integral to the business and that the loss on such transactions is admissible as deduction under section 37(1) - Claim allowed - AT

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Disallowance on account of forward booking loss treated as ...

Forward Booking Loss Allowed as Business Deduction u/s 37(1), Not Speculation Loss, Says Tax Commissioner.

April 17, 2017

Case Laws Income Tax AT

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