https://www.taxtmi.com/highlights?id=22788 Disallowance of foreign exchange loss on account of marking to mark to market of forward contracts - "expenditure" as used in section 37 in Income Tax Act may in the circumstances of a particular case cover an amount which is a "loss" even though said amount has not been given from the pocket of the assessee. - AT en-us Sat, 02 May 2015 07:59:23 +0530 Sat, 02 May 2015 07:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=22788 Disallowance of foreign exchange loss on account of marking to mark to market of forward contracts - "expenditure" as used in section 37 in Income Tax Act may in the circumstances of a particular case cover an amount which is a "loss" even though said amount has not been given from the pocket of the assessee. - AT Highlights Income Tax Sat, 02 May 2015 07:59:23 +0530 https://www.taxtmi.com/highlights?id=22788