https://www.taxtmi.com/caselaws?id=268391 The ITAT upheld the CIT(A)'s decision, ruling in favor of the assessee regarding the deletion of the addition made on account of mark-to-market loss. The tribunal found the assessee's accounting practices consistent with recognized standards and judicial precedents, emphasizing the allowance of mark-to-market losses in line with applicable provisions. The appeal by the revenue was dismissed, affirming the CIT(A)'s order and pronouncing the decision on 07/10/2015. en-us Wed, 07 Oct 2015 00:00:00 +0530 Wed, 25 Nov 2015 10:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268391 The ITAT upheld the CIT(A)'s decision, ruling in favor of the assessee regarding the deletion of the addition made on account of mark-to-market loss. The tribunal found the assessee's accounting practices consistent with recognized standards and judicial precedents, emphasizing the allowance of mark-to-market losses in line with applicable provisions. The appeal by the revenue was dismissed, affirming the CIT(A)'s order and pronouncing the decision on 07/10/2015. Case-Laws Income Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268391