https://www.taxtmi.com/caselaws?id=64235 The ITAT upheld the disallowance of trading loss due to lack of evidence on the settlement of the dispute with the foreign buyer and absence of proof of RBI permission. However, the denial of deduction under s. 80-G was remitted back to the IAC (Asst) for further examination, as the assessee provided certificates and confirmation letters from Foundations, showing registration under s. 12-A(a) and benefit under s. 11. en-us Fri, 20 Jan 1989 00:00:00 +0530 Sat, 05 Feb 2011 15:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64235 The ITAT upheld the disallowance of trading loss due to lack of evidence on the settlement of the dispute with the foreign buyer and absence of proof of RBI permission. However, the denial of deduction under s. 80-G was remitted back to the IAC (Asst) for further examination, as the assessee provided certificates and confirmation letters from Foundations, showing registration under s. 12-A(a) and benefit under s. 11. Case-Laws Income Tax Fri, 20 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64235