https://www.taxtmi.com/caselaws?id=349781 The ITAT dismissed the revenue's appeal in its entirety, upholding the CIT(A)'s decisions on disallowance of foreign exchange fluctuation loss, computation of deemed short-term capital gain, and deduction for amortization of upfront fees. The judgments were based on consistent accounting practices and relevant judicial precedents, with reference to Supreme Court rulings and past assessments. The order was pronounced on 18th October 2017. en-us Wed, 18 Oct 2017 00:00:00 +0530 Wed, 25 Oct 2017 08:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349781 The ITAT dismissed the revenue's appeal in its entirety, upholding the CIT(A)'s decisions on disallowance of foreign exchange fluctuation loss, computation of deemed short-term capital gain, and deduction for amortization of upfront fees. The judgments were based on consistent accounting practices and relevant judicial precedents, with reference to Supreme Court rulings and past assessments. The order was pronounced on 18th October 2017. Case-Laws Income Tax Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349781