https://www.taxtmi.com/caselaws?id=327997 The Tribunal allowed the assessee's appeal regarding the treatment of foreign exchange fluctuation gain as a capital receipt, excluding it from total income. However, the revenue's appeal was dismissed, affirming the CIT(A)'s decisions on the deduction of 'Net Present Value' as revenue expenditure and the disallowance under Section 14A of the Income Tax Act. en-us Fri, 20 May 2016 00:00:00 +0530 Tue, 24 May 2016 10:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327997 The Tribunal allowed the assessee's appeal regarding the treatment of foreign exchange fluctuation gain as a capital receipt, excluding it from total income. However, the revenue's appeal was dismissed, affirming the CIT(A)'s decisions on the deduction of 'Net Present Value' as revenue expenditure and the disallowance under Section 14A of the Income Tax Act. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327997