Marked to market loss recognition permitted when computed under notified income computation and disclosure standards. The amendment adds a provision allowing marked to market loss or other expected loss as an allowable deduction, provided it is computed in accordance with the income computation and disclosure standards notified under the Act; the insertion is given retroactive effect to the stated effective date.
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Provisions expressly mentioned in the judgment/order text.
Marked to market loss recognition permitted when computed under notified income computation and disclosure standards.
The amendment adds a provision allowing marked to market loss or other expected loss as an allowable deduction, provided it is computed in accordance with the income computation and disclosure standards notified under the Act; the insertion is given retroactive effect to the stated effective date.
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