Court Remands Case on Foreign Currency Hedging Losses to Assessing Authority; No Substantial Question of Law Found Yet.

Court Remands Case on Foreign Currency Hedging Losses to Assessing Authority; No Substantial Question of Law Found Yet. https://www.taxtmi.com/highlights?id=54193 Loss of hedging of foreign currency receivable from exports - Loss on account of futures and options set off against the business profit - No substantial question of law to be arising in the present case at this stage, requiring our consideration or pronouncement on the merits of the case, since the matter has only been remanded to the Assessing Authority - HC en-us Wed, 29 Jul 2020 15:00:31 +0530 Wed, 29 Jul 2020 15:00:31 +0530 TaxTMI RSS Generator Court Remands Case on Foreign Currency Hedging Losses to Assessing Authority; No Substantial Question of Law Found Yet. https://www.taxtmi.com/highlights?id=54193 Loss of hedging of foreign currency receivable from exports - Loss on account of futures and options set off against the business profit - No substantial question of law to be arising in the present case at this stage, requiring our consideration or pronouncement on the merits of the case, since the matter has only been remanded to the Assessing Authority - HC Highlights Income Tax Wed, 29 Jul 2020 15:00:31 +0530 https://www.taxtmi.com/highlights?id=54193