Sponsored
    Follow Us:

Case Law Details

Case Name : ACIT Vs Sopra India Pvt. Ltd. (ITAT Delhi)
Related Assessment Year : 2012-13
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

ACIT Vs Sopra India Pvt. Ltd. (ITAT Delhi)

ITAT Delhi held that ‘mark to market’ loss on future and forward contracts are not notional loss of contingent nature. Accordingly, foreign exchange fluctuation loss as claimed by the assessee allowed.

Facts- The assessee is engaged in the business of development of software and providing IT solutions and software engineering services. In the course of assessment u/s. 143(3) of the Act, AO observed that assessee has debited an

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

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930