https://www.taxtmi.com/highlights?id=74374 Disallowance of mark to market losses - Nature of loss - allowable business loss or not? - The assessee is consistently following the method of accounting. Therefore, the net loss accounted by the assessee is supported by the export business carried on by the assessee. Therefore, in our view the loss claimed by the assessee is for the purpose of business and allowable business loss - AT en-us Thu, 25 Jan 2024 08:33:46 +0530 Thu, 25 Jan 2024 08:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74374 Disallowance of mark to market losses - Nature of loss - allowable business loss or not? - The assessee is consistently following the method of accounting. Therefore, the net loss accounted by the assessee is supported by the export business carried on by the assessee. Therefore, in our view the loss claimed by the assessee is for the purpose of business and allowable business loss - AT Highlights Income Tax Thu, 25 Jan 2024 08:33:46 +0530 https://www.taxtmi.com/highlights?id=74374