Case Law Details
Case Name : CIT vs. M/s D. Chetan & Co. (Bombay High Court)
Related Assessment Year : 2009-10
Courts :
All High Courts Bombay High Court
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CA Saurabh Chokhra

Brief of the case:
- The Hon’ble Bombay HC in the above-cited case held that mark to market loss in respect of forward contracts claimed as loss from Business income cannot be disallowed as the forward contra
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