https://www.taxtmi.com/caselaws?id=335978 The Tribunal dismissed the revenue's appeal regarding the disallowance of foreign exchange loss, affirming it as a business loss and not speculative. The cross objection filed by the assessee regarding the disallowance under Section 14A was allowed in part for statistical purposes, with directions for the AO to reconsider the matter in light of judicial precedents. en-us Mon, 17 Oct 2016 00:00:00 +0530 Tue, 13 Dec 2016 12:24:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335978 The Tribunal dismissed the revenue's appeal regarding the disallowance of foreign exchange loss, affirming it as a business loss and not speculative. The cross objection filed by the assessee regarding the disallowance under Section 14A was allowed in part for statistical purposes, with directions for the AO to reconsider the matter in light of judicial precedents. Case-Laws Income Tax Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335978