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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] 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]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the foreign exchange fluctuation loss holding that the Market to Market (M2M)...


![Loss on Forward Exchange Contracts of export business are business loss, not speculative loss u/s 43(5) of Income Tax Act: ITAT [Read Order] Loss on Forward Exchange Contracts of export business are business loss, not speculative loss u/s 43(5) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Loss-on-Forward-Exchange-Contracts-export-business-business-loss-speculative-loss-Income-Tax-Act-ITAT-taxscan.jpg)
![ITAT allows Set Off of Loss arising out of Cancellation of Foreign Exchange / Forward Contract [Read Order] ITAT allows Set Off of Loss arising out of Cancellation of Foreign Exchange / Forward Contract [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Foreign-Exchange.jpg)