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 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 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 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
knowingly and wilfully makes, stocks or distributes counterfeit coins or currency or valuable security defined in section 30 of the Indian Penal Code (Central ... organized group which illegally buys, sells or deals with Indian currency or foreign currency, engages in such illegal activity; (m) 'hired ruffian' means any person
knowingly and wilfully makes, stocks or distributes counterfeit coins or currency or valuable security defined in section 30 of the Indian Penal Code (Central ... organized group which illegally buys, sells or deals with Indian currency or foreign currency, engages in such illegal activity; (m) 'hired ruffian' means any person
forward contracts related to foreign
exchange currency.
11. The facts relating to this ground are that the AO noted that the
assessee has debited ... including shares and stocks but does not include currency.
(a) The term 'commodity' is defined neither in the Income
bonds, and foreign
currencies.‖
10. It is no doubt, tempting to hold
that since the expression "derivatives"
is defined only in Section ... bonds, and foreign currencies.
10. It is no doubt, tempting to hold that since the
expression "derivatives" is defined only in Section
That the assessee company has entered into derivative transactions in foreign
currency through recognised stock exchange and has complied with the other conditions
as stipulated ... record.
2. That the contract for derivatives in foreign currency are commodity as defined u/s 43(5)
of the Act, the underlying asset being
