2014 (7) TMI 1293

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....enue on 5.4.2013 is against the order of CIT (A)- 27, Mumbai dated 28.1.2012 for the assessment year 2009-2010. 2. In this appeal, Revenue raised the following ground which reads as under: "1. Whether on the facts and in the circumstances of the case and in law, the Ld CIT (A) has erred in holding that Mark-to-Market loss of Rs. 1,06,90,750/- arising on re-valuation of forward contract agreemen....

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....e decision of the Special Bench in the case of DCIT vs. Bank of Bahrain. 4. We have heard the Ld DR and perused the orders of the AO as well as the CIT (A) and find that the CIT (A) has discussed the issue at length vide para 6 of the impugned order. For the sake of completeness of this order, relevant portion from the said para 6 of the CIT (A)'s order is reproduced here under. "6...........At....