wherein the term derivative has been defined to include foreign currency as an
underlying security of the derivative. The relevant extract of the case ... before the tribunal . The
Ld. DR submitted that foreign currency is not security as defined under
SCRA and hence loss suffered is not a business
provisioning elsewhere for
'baggage' to include currency. We may, therefore, fairly posit that
'currency', and not excluding all its surrogate forms ... between the baggage and
currency. If the Indian Currency is included in the expression
„baggage‟, there was no need to define the currency
separately
wherein the term
derivative has been defined to include foreign currency as underlying derivative for
securities. He further relied on the judgment of the Agra ... transactions carried out through an on on-screen based
system (Currency
Currency Derivatives Segment of MCX Stock Exchange Ltd.), through a stock
broker, namely, Mansukh
value. This is not so with
crypto currency/ virtual digital asset. Crypto currency is also not a currency.
Therefore, it is not an asset within ... Official Gazette, specify;
(b) the expressions "currency", "foreign currency" and "Indian currency" shall
have the same meanings as respectively
deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly ... deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly
deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly ... deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly
deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly ... deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly
deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly ... deals with
effects of Exchange Differences. Under para 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly
whether foreign currency could be considered to be either goods or merchandise. Since the foreign currency has not been defined ... expression "goods" has not been defined in the FERA, definition of "currency" in Section 2(f) of the FERA which
wherein the term commodity
had not been defined. It was submitted that currency was not a commodity and
therefore the provision of section ... reason that it had not been
defined in the Act and currency was not a commodity. The Ld. CIT(A) observed that
there
