https://www.taxtmi.com/highlights?id=12827 Forward contract cancellation loss - In order to hedge against losses, the assessee had booked foreign exchange in the forward market with the bank. - allowed as business loss - HC en-us Wed, 29 May 2013 10:55:34 +0530 Wed, 29 May 2013 10:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=12827 Forward contract cancellation loss - In order to hedge against losses, the assessee had booked foreign exchange in the forward market with the bank. - allowed as business loss - HC Highlights Income Tax Wed, 29 May 2013 10:55:34 +0530 https://www.taxtmi.com/highlights?id=12827