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M/s. Majestic Exports vs. JCIT (ITAT Chennai)

We make it clear that total transaction considered for determining this business loss from derivative transactions cannot be more than the total export turnover of the assessee for the assessment year...

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CIT vs. Vinergy International Pvt. Ltd (Bombay High Court)

The loss was not on account of derivatives but are in fact losses and gains in foreign exchange relating to the purchase and sales transactions i.e. creditors and debtors outstanding as on 31st March,...

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