https://www.taxtmi.com/highlights?id=1826 Just because anticipated profits are not assessed to tax, it would not follow, as a corollary thereto, that anticipated losses cannot be allowed as deduction in computation of business income - loss on valuation of interest rate swap is to be allowed as a deduction in computation of business income, - AT en-us Tue, 27 Sep 2011 00:00:00 +0530 Tue, 27 Sep 2011 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=1826 Just because anticipated profits are not assessed to tax, it would not follow, as a corollary thereto, that anticipated losses cannot be allowed as deduction in computation of business income - loss on valuation of interest rate swap is to be allowed as a deduction in computation of business income, - AT Highlights Income Tax Tue, 27 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/highlights?id=1826