https://www.taxtmi.com/caselaws?id=215198 The Tribunal partly allowed the appellant's appeal, directing the Assessing Officer to re-examine the Research & Development expenses claim and the foreign exchange fluctuation loss. The Tribunal emphasized the need for proper verification and providing the appellant with an opportunity to present their case. The addition made under section 40A(2) of the Act was dismissed due to the appellant's decision not to press the ground, and the disallowance of the balance foreign exchange fluctuation loss was treated as allowed for statistical purposes. en-us Mon, 25 Jun 2012 00:00:00 +0530 Wed, 25 Jul 2012 08:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215198 The Tribunal partly allowed the appellant's appeal, directing the Assessing Officer to re-examine the Research & Development expenses claim and the foreign exchange fluctuation loss. The Tribunal emphasized the need for proper verification and providing the appellant with an opportunity to present their case. The addition made under section 40A(2) of the Act was dismissed due to the appellant's decision not to press the ground, and the disallowance of the balance foreign exchange fluctuation loss was treated as allowed for statistical purposes. Case-Laws Income Tax Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215198