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Income Tax - Highlights / Catch Notes

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Disallowance of foreign exchange fluctuation loss - mark to ...

Income Tax

June 26, 2018

Disallowance of foreign exchange fluctuation loss - mark to market loss - There is hardly any quarrel on such DRP’s directions are binding on an Assessing Officer u/s 144C(10) - the assessee’s impugned mark to market loss incurred on foreign exchange fluctuation to be allowable.

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