As per ICDS-I the Marked to Market loss or an expected loss shall not he recognized unless the recognition is in accordance with the provisions of any other ICDS. Whether similar consideration applies to recognition of Marked to Market gain or expected incomes.

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....to recognition of Marked to Market gain or expected incomes.<br>ICDS I : Accounting Policies Income computation and disclosure standards<br>Income Tax<br>Manuals<br>Dated:- 21-8-2017<br>Manual - ICDS ....