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![M2M loss on Future and Forward Contracts are not Notional Loss of Contingent Nature: ITAT allows Foreign Exchange Fluctuation Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/M2M-loss-on-Future-and-Forward-Contract-Notional-Loss-M2M-loss-ITAT-Foreign-Exchange-Fluctuation-Loss-taxscan.jpg "M2M loss on Future and Forward Contracts are not Notional Loss of Contingent Nature: ITAT allows Foreign Exchange Fluctuation Loss [Read Order]")
M2M loss on Future and Forward Contracts are not Notional Loss of Contingent Nature: ITAT allows Foreign Exchange Fluctuation Loss [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the foreign exchange fluctuation loss holding that the Market to Market (M2M)...
![Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Foreign-Exchange-Fluctuation-loss-Business-of-Healthcare-Revenue-Expenditure-ITAT-TAXSCAN1.jpg "Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]")
![Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/04/Loss-due-to-Exchange-Fluctuation-Revenue-Expenditure-Supreme-Court-Relief-to-Wipro.jpeg "Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]")
![Foreign Exchange Fluctuation Loss is an Expenditure allowable u/s 37(1) Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Foreign-Exchange-Fluctuation-Loss-Expenditure-IT-Act-ITAT-taxscan.jpg "Foreign Exchange Fluctuation Loss is an Expenditure allowable u/s 37(1) Income Tax Act: ITAT [Read Order]")
![Karnataka High Court allows Income Tax Deduction on loss suffered by Assessee on Foreign Exchange Fluctuation Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Karnataka-High-Court-Foreign-Exchange-Fluctuation-Loss-Taxscan.jpg "Karnataka High Court allows Income Tax Deduction on loss suffered by Assessee on Foreign Exchange Fluctuation Loss [Read Order]")