https://www.taxtmi.com/caselaws?id=220773 Foreign exchange loss disallowance and legal or professional expenditure were treated as factual issues where audited accounts and other record material supported the Tribunal's conclusions. Prior and subsequent payment patterns could be considered to quantify expenditure when vouchers were unavailable, without invoking res judicata. Findings based on appreciation of evidence, including the nature of foreign exchange loss and the relevance of payment history, did not raise a substantial question of law in the income-tax appeal. The Tribunal's factual findings therefore remained undisturbed and the Revenue's challenge failed. en-us Fri, 14 Sep 2012 00:00:00 +0530 Fri, 08 Feb 2013 07:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220773 Foreign exchange loss disallowance and legal or professional expenditure were treated as factual issues where audited accounts and other record material supported the Tribunal's conclusions. Prior and subsequent payment patterns could be considered to quantify expenditure when vouchers were unavailable, without invoking res judicata. Findings based on appreciation of evidence, including the nature of foreign exchange loss and the relevance of payment history, did not raise a substantial question of law in the income-tax appeal. The Tribunal's factual findings therefore remained undisturbed and the Revenue's challenge failed. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220773