https://www.taxtmi.com/caselaws?id=267249 The appeal was partly allowed, with modifications to the disallowances under Section 14A and the dentistry expenses, while fully allowing the foreign exchange fluctuation loss. The Tribunal found that expenses were incurred for maintaining investments and recognized the consistency in the accounting method regarding foreign exchange fluctuations. The disallowance under Section 40A(ia) was adjusted based on the nature of expenses and TDS requirements. en-us Mon, 28 Sep 2015 00:00:00 +0530 Tue, 03 Nov 2015 06:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267249 The appeal was partly allowed, with modifications to the disallowances under Section 14A and the dentistry expenses, while fully allowing the foreign exchange fluctuation loss. The Tribunal found that expenses were incurred for maintaining investments and recognized the consistency in the accounting method regarding foreign exchange fluctuations. The disallowance under Section 40A(ia) was adjusted based on the nature of expenses and TDS requirements. Case-Laws Income Tax Mon, 28 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267249