Forward Contracts not by way of Trading in Foreign Exchange Derivatives: SC dismisses SLP filed by Income Tax Dept [Read Order]
SC dismisses SLP filed by the Income Tax Department, challenging the order of the Delhi HC regarding forward contracts not by way of trading in foreign exchange derivatives
By Kalyani B. Nair - On January 8, 2024 12:45 pm - 2 mins read
The Supreme Court dismissed a special leave petition (SLP) filed by the Income Tax Department, challenging the order of the Delhi High Court regarding forward contracts not by way of trading in foreign exchange derivatives. The Delhi High Court observed that “In the present case, however, the assessee had entered into derivative contracts in order…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
