https://www.taxtmi.com/caselaws?id=248429 The ITAT Mumbai upheld the allowance of unrealized foreign exchange loss based on accounting standards and judicial precedents. However, the disallowance of interest under Rule 8D(2)(ii) was set aside for fresh examination to determine the actual expenditure incurred by the assessee. en-us Wed, 28 May 2014 00:00:00 +0530 Fri, 06 Jun 2014 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248429 The ITAT Mumbai upheld the allowance of unrealized foreign exchange loss based on accounting standards and judicial precedents. However, the disallowance of interest under Rule 8D(2)(ii) was set aside for fresh examination to determine the actual expenditure incurred by the assessee. Case-Laws Income Tax Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248429