PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Not allowing the claim for deduction of loss on account of foreign exchange fluctuation as on the last date of the previous year - addition on the ground that the loss in question was only contingent and hence cannot be allowed - The forward contracts are in respect of consideration for exports proceeds, which are revenue items. There is an actual contract for sale of merchandise - claim of loss allowed - AT
Not allowing the claim for deduction of loss on account of foreign exchange fluctuation as on the last date of the previous year - addition on the ground that the loss in question was only contingent and hence cannot be allowed - The forward contracts are in respect of consideration for exports proceeds, which are revenue items. There is an actual contract for sale of merchandise - claim of loss allowed - AT
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