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Forward contracts to hedge against forex losses from import or export of diamonds by jeweller aren’t speculative
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Corporate Tax
Forward contracts to hedge against forex losses from import or export of diamonds by jeweller aren’t speculative
Posted on
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April 21, 2014
Tenet Tax Daily April 18 2014
By
tenettax-team
Corporate Tax
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Tax dues couldn’t be recovered from director if AO didn’t make any efforts to recover it from company
HC allowed wastage claimed by assessee as no doubt was casted on entries in stock register maintained by assessee