2017 (7) TMI 1194

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....h, Advocate ORDER P.C. 1 The Appeal pertains to the Assessment year 2008-09. Mr.Kotangale, the learned counsel submits that the Tribunal was not justified in allowing the claim of the Assessee on unexplained foreign exchange forward contract as such loss was only notional loss. According to the learned counsel, the Tribunal was not justified in holding that the notional loss on unexplained fore....