https://www.taxtmi.com/caselaws?id=180847 The Tribunal ruled in favor of the assessee on various issues such as disallowance of loss due to exchange rate fluctuation and project expenses, while upholding disallowances on penalties and fines. The Tribunal also directed re-examination on several matters like provision for difference of electricity duty and interest attributable to investments in dividend-earning assets. Overall, the appeals were partly allowed, with certain issues remanded for further assessment, aligning with past decisions and higher court precedents. en-us Wed, 16 May 2012 00:00:00 +0530 Thu, 17 Aug 2017 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180847 The Tribunal ruled in favor of the assessee on various issues such as disallowance of loss due to exchange rate fluctuation and project expenses, while upholding disallowances on penalties and fines. The Tribunal also directed re-examination on several matters like provision for difference of electricity duty and interest attributable to investments in dividend-earning assets. Overall, the appeals were partly allowed, with certain issues remanded for further assessment, aligning with past decisions and higher court precedents. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180847