https://www.taxtmi.com/caselaws?id=190212 The Tribunal allowed the appeal, deleting the disallowance of Rs. 98,84,000 related to interest rate swap valuation. The Tribunal held that the loss should be allowed as a deduction in the relevant previous year, emphasizing the timing rather than the deductibility of the anticipated loss. The decision aligned with accounting principles and standards, directing the Assessing Officer to make necessary adjustments in the year of settlement. en-us Fri, 26 Aug 2011 00:00:00 +0530 Thu, 09 Feb 2017 10:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190212 The Tribunal allowed the appeal, deleting the disallowance of Rs. 98,84,000 related to interest rate swap valuation. The Tribunal held that the loss should be allowed as a deduction in the relevant previous year, emphasizing the timing rather than the deductibility of the anticipated loss. The decision aligned with accounting principles and standards, directing the Assessing Officer to make necessary adjustments in the year of settlement. Case-Laws Income Tax Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190212