Loss from Derivative Contracts 'Marked to Market' Valuation Deductible; Not Notional per Accounting Standard Ind AS 109.

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....Addition on account of loss incurred by the assessee on account of forward and option derivative contract - loss arising from 'Marked to Market' valuation is allowable as deduction. Such loss is not considered as notional as per accounting standard-30 (Now, as per Ind AS 109) - AT....