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![Forex Loss, being ‘Capital’ in nature cannot be Set Off against the any Income under the IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Forex Loss, being ‘Capital’ in nature cannot be Set Off against the any Income under the IT Act: ITAT [Read Order]")
Forex Loss, being ‘Capital’ in nature cannot be Set Off against the any Income under the IT Act: ITAT [Read Order]
A division bench of the Hyderabad ITAT, in Ms. Mohini Alexander v. ACIT, held that forex loss, being ‘capital’ in nature cannot be set off against...
