https://www.taxtmi.com/caselaws?id=268641 The Tribunal dismissed all appeals, confirming that Malaysian plantation income was not taxable in India, upholding the disallowance of expenditure against interest income, ruling exchange rate fluctuation gain as taxable, and validating the invalidity of reopening assessments under section 147 due to being a change of opinion. The decisions were based on legal precedents and factual examination. en-us Fri, 09 Oct 2015 00:00:00 +0530 Sun, 29 Nov 2015 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268641 The Tribunal dismissed all appeals, confirming that Malaysian plantation income was not taxable in India, upholding the disallowance of expenditure against interest income, ruling exchange rate fluctuation gain as taxable, and validating the invalidity of reopening assessments under section 147 due to being a change of opinion. The decisions were based on legal precedents and factual examination. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268641