Saturday, July 3, 2021

Loss suffered on account of foreign exchange difference is expenditure allowable u/s 37(1): ITAT

INCOME TAX : Loss suffered by an assessee on account of foreign exchange difference is an item of expenditure under section 37(1), therefore, addition on account of unrealized hedging loss on forward contracts made by Assessing Officer was to be deleted

from www.taxmann.com Latest Case Laws https://ift.tt/3qHCoST
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