https://www.taxtmi.com/caselaws?id=187579 The appeal, which raised questions regarding the deductibility of foreign exchange losses as contingent liabilities under the Income Tax Act, was dismissed by the court. The court found that the issues had already been addressed in a previous apex court judgment, and no substantial question of law arose in this case. As a result, the appeal was dismissed without any costs awarded. en-us Tue, 21 Apr 2009 00:00:00 +0530 Thu, 27 Oct 2016 17:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187579 The appeal, which raised questions regarding the deductibility of foreign exchange losses as contingent liabilities under the Income Tax Act, was dismissed by the court. The court found that the issues had already been addressed in a previous apex court judgment, and no substantial question of law arose in this case. As a result, the appeal was dismissed without any costs awarded. Case-Laws Income Tax Tue, 21 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187579