https://www.taxtmi.com/caselaws?id=185844 The Tribunal partially allowed the appeal, setting aside the assessment of loss as speculation loss under section 43(5) and allowing the deduction for foreign exchange fluctuation loss. The Tribunal directed the Assessing Officer to reconsider the issue in line with previous decisions and all aspects of clause (d) of section 43(5. The Tribunal clarified that the direction for set off of loss in a subsequent year was rejected. en-us Wed, 28 Aug 2013 00:00:00 +0530 Mon, 05 Dec 2016 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185844 The Tribunal partially allowed the appeal, setting aside the assessment of loss as speculation loss under section 43(5) and allowing the deduction for foreign exchange fluctuation loss. The Tribunal directed the Assessing Officer to reconsider the issue in line with previous decisions and all aspects of clause (d) of section 43(5. The Tribunal clarified that the direction for set off of loss in a subsequent year was rejected. Case-Laws Income Tax Wed, 28 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185844