Disallowance of mark to market losses - Nature of loss - ...

Mark to Market Losses Recognized as Legitimate Business Losses for Consistent Accounting Methods.

January 25, 2024

Case Laws Income Tax AT

Disallowance of mark to market losses - Nature of loss - allowable business loss or not? - The assessee is consistently following the method of accounting. Therefore, the net loss accounted by the assessee is supported by the export business carried on by the assessee. Therefore, in our view the loss claimed by the assessee is for the purpose of business and allowable business loss - AT

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Disallowance of mark to market losses - Nature of loss - ...

Mark to Market Losses Recognized as Legitimate Business Losses for Consistent Accounting Methods.

January 25, 2024

Case Laws Income Tax AT

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