CORPORATE AND PROFESSIONAL UPDATE OCT 26, 2016
CORPORATE AND PROFESSIONAL UPDATE OCT 26, 2016 Direct Tax:- Bombay High Court in the below citied case held that Loss suffered u/s 37(1)/43(5) in foreign exchange transactions entered into for hedging business transactions cannot be disallowed as being “notional” or “speculative” in nature. [CIT vs. M/s. D. Chetan & Co] CBDT issued press release regarding draft …