Held that market to market loss is allowable as business expenditure. (AY.2010-11,2011-12)
ITC Ltd v. ACIT (2024) 230 TTJ 921 / 38 NYPTTJ 626 (Kol)(Trib)
S. 28(i) : Business loss-Market to market loss-Allowable as business expenditure.[S. 37(1)
S. 28(i) : Business loss-Market to market loss-Allowable as business expenditure.[S. 37(1)
Held that market to market loss is allowable as business expenditure. (AY.2010-11,2011-12)
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