https://www.taxtmi.com/caselaws?id=390405 The Tribunal allowed the appeal challenging the disallowance of a loss from a foreign currency forward contract, recognizing the hedging nature of the contracts. Regarding additions/disallowances under sections 69A and 69B due to variances in physical stock and book records, the Tribunal upheld discrepancies but directed computation based on gross profit, partially allowing the appeal. en-us Mon, 30 Dec 2019 00:00:00 +0530 Tue, 31 Dec 2019 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390405 The Tribunal allowed the appeal challenging the disallowance of a loss from a foreign currency forward contract, recognizing the hedging nature of the contracts. Regarding additions/disallowances under sections 69A and 69B due to variances in physical stock and book records, the Tribunal upheld discrepancies but directed computation based on gross profit, partially allowing the appeal. Case-Laws Income Tax Mon, 30 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390405