Loss arising on year-end valuation of an interest rate swap allowable as a deduction – ITAT Mumbai

ABN Amro Securities India Pvt. Ltd. Vs. ITO (ITAT Mumbai)- When anticipated profits on unmatured contracts are held, to be non-taxable, there is no good reason as to why anticipated losses on unmatured contracts can be taken into account while computing business income, we find that there is an i

Please become a Premium member. If you are already a Premium member, login here to access the full content.