https://www.taxtmi.com/highlights?id=57667 Disallowance of compensation loss claimed - hedging transaction - The transactions entered into are contended by the assessee to be in the nature of hedging transactions in order to safe-guard the company and as a precautionary measure, in the course of business carried on by it and, therefore, they fall proviso in clause (a) to sub-section (5) to Sec.43 of I.T. Act. - CIT(A) rightly directed the AO to allow the compensation loss claimed - AT en-us Tue, 20 Apr 2021 22:41:35 +0530 Tue, 20 Apr 2021 22:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57667 Disallowance of compensation loss claimed - hedging transaction - The transactions entered into are contended by the assessee to be in the nature of hedging transactions in order to safe-guard the company and as a precautionary measure, in the course of business carried on by it and, therefore, they fall proviso in clause (a) to sub-section (5) to Sec.43 of I.T. Act. - CIT(A) rightly directed the AO to allow the compensation loss claimed - AT Highlights Income Tax Tue, 20 Apr 2021 22:41:35 +0530 https://www.taxtmi.com/highlights?id=57667