Case Law Details
Case Name : JBF Industries Ltd Vs ACIT (ITAT Mumbai)
Appeal Number : ITA No. 8029/Mum/2019
Date of Judgement/Order : 17/02/2023
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Mumbai
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JBF Industries Ltd Vs Asst. CIT (ITAT Mumbai)
ITAT Mumbai held that that the ‘marked to market loss’ is not a notional loss and is, therefore, allowable expenditure.
Facts- The assessee company is a limited company engaged
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