High Court Allows "Mark to Market" Loss Claim; CIT(A) Disallowance Overturned Due to Lack of Evidence.

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...."Mark to Market” loss - AO did not disallow the claim of loss but CIT(A) disallowed the claim of loss - In the absence of any fact with regard to the nature of the said transaction, it would not be possible to accept the contention of the revenue with regard to 'Mark to Market' loss. - Claim allowed - HC....