https://www.taxtmi.com/caselaws?id=239032 ITAT held that s.40(a)(ia) cannot be applied proportionately for short/lesser TDS and deleted entire disallowance (decision for assessee). Loss on foreign-exchange forward contracts made in acquiring a South African company was held to be a capital loss, not an allowable revenue expense (decision against assessee). Claim for raw materials destroyed by fire was remitted to AO for fresh adjudication on merits after admitting it as an additional ground (favouring assessee). Claim for deduction under s.80IA(4)(iv)(a) (steam from gas turbine) restored to AO for consideration due to retrospective amendment issues (favouring assessee). en-us Wed, 29 May 2013 00:00:00 +0530 Wed, 27 Aug 2025 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239032 ITAT held that s.40(a)(ia) cannot be applied proportionately for short/lesser TDS and deleted entire disallowance (decision for assessee). Loss on foreign-exchange forward contracts made in acquiring a South African company was held to be a capital loss, not an allowable revenue expense (decision against assessee). Claim for raw materials destroyed by fire was remitted to AO for fresh adjudication on merits after admitting it as an additional ground (favouring assessee). Claim for deduction under s.80IA(4)(iv)(a) (steam from gas turbine) restored to AO for consideration due to retrospective amendment issues (favouring assessee). Case-Laws Income Tax Wed, 29 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239032