ANDRITZ HYDRO P LTD,BHOPAL vs. PR CIT-1, BHOPAL
ITA 199/IND/2020[2015-16]Status: DisposedITAT Indore29 Oct 2021AY 2015-16
Bench: Shri Manish Borad & Ms. Madhumita Royvirtual Hearing
Section 115JSection 253Section 263
36,45,26,777/- on
account of revaluation of forward contracts in FY 2014-15. Hence,
the Ld. PCIT was not justified in holding that the order of the Ld.
AO is “prejudicial to the interests of revenue”. Thus, considering
that Ld. AO’s acceptance of the claim of mark to market loss
