https://www.taxtmi.com/caselaws?id=273700 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's order for Assessment Year 2008-09 on the addition of mark to market loss on a foreign exchange forward contract. The court held that the question raised by the Revenue did not amount to a substantial question of law, in line with its previous decision in a similar case. Consequently, the appeal was rejected without costs. en-us Mon, 05 Dec 2016 00:00:00 +0530 Wed, 11 Jul 2018 06:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273700 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's order for Assessment Year 2008-09 on the addition of mark to market loss on a foreign exchange forward contract. The court held that the question raised by the Revenue did not amount to a substantial question of law, in line with its previous decision in a similar case. Consequently, the appeal was rejected without costs. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273700