For the purpose of computing deduction u/s 10B, speculation business cannot be considered as business of undertaking

CASE LAWS DETAILS

DECIDED BY: ITAT, BANGALORE BENCH `A’,

IN THE CASE OF: ACIT Vs. K. Mohan & Co. (Exports) P. Ltd., APPEAL NO: ITA No. 113/Bang/09, DECIDED ON August 7, 2009

RELEVANT PARAGRAPH

9. We have heard both the parties. A forward contract

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