Case Law Details

Case Name : DCIT Vs. Bank of Bahrain & Kuwait ITA No. 4404 & 1883/Mum/2004
Appeal Number : 13/08/2010
Date of Judgement/Order :
Related Assessment Year :

Last day to register for Online GST Certification course?

IN THE CASE OF: DCIT Vs. Bank of Bahrain & Kuwait, APPEAL NO: ITA No. 4404 & 1883/Mum/2004, DECIDED ON August 13, 2010
Brief:- Where a forward contract is entered into by the assessee to sell the foreign currency at an agreed price at a future date falling beyond the last date of accounting period, the loss is incurred to the assessee on account of evaluation of the contract on the last date of the accounting period i.e. before the date of maturity of the forward contract.

More Under Income Tax

Posted Under

Category : Income Tax (25321)
Type : Judiciary (10097)

Leave a Reply

Your email address will not be published.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