<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Mark to Market Loss from Forex Fluctuations Allowed; DRP Directions Binding on Assessing Officer Under IT Act Section 144C(10).</title>
    <link>https://www.taxtmi.com/highlights?id=40125</link>
    <description>Disallowance of foreign exchange fluctuation loss - mark to market loss - There is hardly any quarrel on such DRP’s directions are binding on an Assessing Officer u/s 144C(10) - the assessee’s impugned mark to market loss incurred on foreign exchange fluctuation to be allowable.</description>
    <language>en-us</language>
    <pubDate>Tue, 26 Jun 2018 15:59:43 +0530</pubDate>
    <lastBuildDate>Tue, 26 Jun 2018 15:59:43 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=524840" rel="self" type="application/rss+xml"/>
    <item>
      <title>Mark to Market Loss from Forex Fluctuations Allowed; DRP Directions Binding on Assessing Officer Under IT Act Section 144C(10).</title>
      <link>https://www.taxtmi.com/highlights?id=40125</link>
      <description>Disallowance of foreign exchange fluctuation loss - mark to market loss - There is hardly any quarrel on such DRP’s directions are binding on an Assessing Officer u/s 144C(10) - the assessee’s impugned mark to market loss incurred on foreign exchange fluctuation to be allowable.</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Tue, 26 Jun 2018 15:59:43 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=40125</guid>
    </item>
  </channel>
</rss>