https://www.taxtmi.com/caselaws?id=337867 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeal. It ruled that unrealized foreign exchange losses for both SEZ and STPI units should be treated as revenue expenditure. Additionally, it held that the SEZ unit's loss cannot be set off against the STPI unit's profit for computing deductions under section 10A. The Tribunal referenced Bombay High Court judgments to support these conclusions. en-us Fri, 18 Nov 2016 00:00:00 +0530 Thu, 19 Jan 2017 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337867 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeal. It ruled that unrealized foreign exchange losses for both SEZ and STPI units should be treated as revenue expenditure. Additionally, it held that the SEZ unit's loss cannot be set off against the STPI unit's profit for computing deductions under section 10A. The Tribunal referenced Bombay High Court judgments to support these conclusions. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337867