https://www.taxtmi.com/caselaws?id=350859 The Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order, which sought to justify marking to market loss as business expenditure under Section 37(1) of the Income Tax Act, 1961. The Court found no substantial question of law, citing a previous decision that had conclusively settled the issue. The appellant's attempt to distinguish a prior Apex Court decision was unsuccessful, leading to the dismissal of the appeal. en-us Wed, 01 Nov 2017 00:00:00 +0530 Tue, 14 Nov 2017 04:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350859 The Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order, which sought to justify marking to market loss as business expenditure under Section 37(1) of the Income Tax Act, 1961. The Court found no substantial question of law, citing a previous decision that had conclusively settled the issue. The appellant's attempt to distinguish a prior Apex Court decision was unsuccessful, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350859