https://www.taxtmi.com/caselaws?id=205677 The Tribunal directed the Assessing Officer to reconsider the disallowance of foreign exchange fluctuation loss in closing stock and expenses related to dividend income under sec. 14A of the IT Act. The Tribunal instructed the Assessing Officer not to exclude income from the sale of scrap and lease rentals for deduction u/s 80HHC of the Act. The decisions were based on previous favorable rulings for the assessee and aimed at ensuring a fair assessment in line with legal provisions and precedents. The appeal was partly allowed for statistical purposes. en-us Fri, 19 Nov 2010 00:00:00 +0530 Fri, 16 Sep 2011 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205677 The Tribunal directed the Assessing Officer to reconsider the disallowance of foreign exchange fluctuation loss in closing stock and expenses related to dividend income under sec. 14A of the IT Act. The Tribunal instructed the Assessing Officer not to exclude income from the sale of scrap and lease rentals for deduction u/s 80HHC of the Act. The decisions were based on previous favorable rulings for the assessee and aimed at ensuring a fair assessment in line with legal provisions and precedents. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205677