Deduction of mark to market losses (MTM) - MTM losses arising ...

Income Tax

November 6, 2019

Deduction of mark to market losses (MTM) - MTM losses arising out of contractual obligation existing on the reporting date cannot be regarded as contingent or notional in nature and merely because the liability has to be discharged at a future date, the same cannot be regarded so. - Additions deleted.

View Source

← Previous Next →

Deduction of mark to market losses (MTM) - MTM losses arising ...

Income Tax

November 6, 2019

You may also like:

Disallowance on account of 'mark to market loss' on F&O transaction - additions deleted - AT

Mark-to-market loss treated as contingent loss - no prudent trader would care to show increased profits before actual realization - the addition made by the AO deleted - AT

MTM losses in respect of forward foreign exchange contract debited to the profit and loss account are allowable - AT

Allowing mark to market loss on account of outstanding forward contract liability - the forward contract transactions so entered during the course of regular business...

Mark to market loss - Contingent loss or not - Unrealized foreign exchange forward contract losses - 'mark to market' loss on such future and forward contracts are not a...

"Mark to Market” loss - AO did not disallow the claim of loss but CIT(A) disallowed the claim of loss - In the absence of any fact with regard to the nature of the said...

Addition on account of loss incurred by the assessee on account of forward and option derivative contract - loss arising from 'Marked to Market' valuation is allowable...

Revision u/s 263 by CIT-A - AO’s order is not erroneous and prejudicial to the interest of revenue since mark to market loss incurred by Company on revaluation of...

Disallowance of gross MTM loss - the obligation accrued against the taxpayer the minute it entered into forward foreign exchange contracts. So, the forward foreign...

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...

Quick Updates: