https://www.taxtmi.com/caselaws?id=266748 The tribunal allowed the deductions under sections 80HHC and 80HHD for payments received in Indian Rupees from Foreign Airlines and Embassies, as approved by the RBI. It also permitted deductions for various other expenses and disallowed additions like notional gains on foreign currency loans. The tribunal directed specific disallowances and deletions based on detailed analysis and legal precedents, partly favoring both the assessee and the revenue in their respective appeals. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 11:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266748 The tribunal allowed the deductions under sections 80HHC and 80HHD for payments received in Indian Rupees from Foreign Airlines and Embassies, as approved by the RBI. It also permitted deductions for various other expenses and disallowed additions like notional gains on foreign currency loans. The tribunal directed specific disallowances and deletions based on detailed analysis and legal precedents, partly favoring both the assessee and the revenue in their respective appeals. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266748