https://www.taxtmi.com/caselaws?id=266734 The Tribunal allowed the assessee's appeal, permitting the deduction of Foreign Exchange Loss under Section 37(1) instead of disallowing it under Section 43A. The addition towards employees' contribution to Provident Fund was deleted, following the precedent that statutory items paid before the return filing due date should be allowed. The deletion of the addition on account of cess on green leaves was upheld, in line with the High Court ruling. The issue of income from other sources was remanded to the Assessing Officer for proper computation, and miscellaneous receipts were partially treated as business income. The Tribunal's orders were issued on 11th September 2015. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 11:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266734 The Tribunal allowed the assessee's appeal, permitting the deduction of Foreign Exchange Loss under Section 37(1) instead of disallowing it under Section 43A. The addition towards employees' contribution to Provident Fund was deleted, following the precedent that statutory items paid before the return filing due date should be allowed. The deletion of the addition on account of cess on green leaves was upheld, in line with the High Court ruling. The issue of income from other sources was remanded to the Assessing Officer for proper computation, and miscellaneous receipts were partially treated as business income. The Tribunal's orders were issued on 11th September 2015. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266734