https://www.taxtmi.com/highlights?id=52361 Disallowance of loss on mark to market basis in respect of trading in derivatives - - it is undisputed that assessee is dealing in derivatives which has to be valued on prevailing foreign exchange rate at the year end in view of the mercantile system being followed by the assessee. - the said loss is allowable - AT en-us Mon, 16 Mar 2020 07:53:33 +0530 Mon, 16 Mar 2020 07:53:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52361 Disallowance of loss on mark to market basis in respect of trading in derivatives - - it is undisputed that assessee is dealing in derivatives which has to be valued on prevailing foreign exchange rate at the year end in view of the mercantile system being followed by the assessee. - the said loss is allowable - AT Highlights Income Tax Mon, 16 Mar 2020 07:53:33 +0530 https://www.taxtmi.com/highlights?id=52361