Foreign exchange forward contract incidental to export business held not speculative activity
March 2, 2020
Income Tax, Supreme Court
Foreign exchange forward contract incidental to export business to cover up losses due to foreign exchange rate variation not speculative activity – SC dismissed SLP of the Revenue ABCAUS Case Law Citation: ABCAUS 3279 (2020) (03) SC Important case law relied upon by the parties: Bhavani Gems vs. …