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M/S. Aptech Ltd., Mumbai vs Jt. Cit. (Osd), - 8(1), Mumbai on 4 January

deals with effects of exchange differences. Under para 2, reporting currency is defined to mean the currency used in presenting the financial statements. Similarly ... paid" is defined under s. 43(2) . This has been discussed earlier. Similarly, it is important to note that foreign currency notes, balance

deals with effects of Exchange Differences. Under para 2, reporting currency is defined to mean the currency used in presenting the financial statements. Similarly ... paid" is defined under section 43(2) . This has been discussed earlier. Similarly, it is important to note that foreign currency notes, balance

currency. It is obvious that the rate prevailing as on 31st March 2012 will be taken for translating the foreign currency into Indian currency. Thus ... deals with effects of Exchange Differences. Under para 2, reporting currency is defined to mean the currency used in presenting the financial statements. Similarly

Acit Company Circle Vi(1), Chennai vs Saipem India Projects Private Limited, ... on 23 December

reduction of foreign currency expenses from export turnover by Ld.CIT (A). Ld.AR submitted that expenses incurred in foreign currency amounting ... computer software as defined in Explanation 2 to section 10A of the Act. Ld.AR submitted that Ld.AO reduced foreign currency expenditure from export

further submission that the cross currency option contract was a decision purely to hedge the currency exposure of the assessee and therefore, the loss thereon ... submission that the 'currency' is not 'commodity' and therefore, the decisions relating to other than currency are not applicable and consequently

Central Government for the conversion of Indian currency into foreign currency or foreign currency into Indian currency; 6 ITA No. 1514/Hyd/16 Sri Ramadas Paper ... Boards (P) Ltd., Hyd. (b) ''foreign currency'' and "Indian currency" have the 'meanings respectively assigned to them

sentence order. 7. One of the methods to protect loss against foreign currency fluctuation is by way of 'hedging'. Hedging transactions are entered ... risk is by way of foreign currency derivatives. Section 45 of the Reserve Bank India Act, 1949 defines derivative as a financial instrument whose value

Hyatt International Southwest Asia ... vs Dcit (International Taxation), New ... on 4 December, 2019 IN THE