https://www.taxtmi.com/caselaws?id=195940 The Tribunal directed the Assessing Officer to delete the disallowance of marked to market losses on account of exchange rate fluctuation, following the decision in CIT Vs Woodward Governor India Pvt. Ltd. Additionally, the Tribunal remanded the issue of disallowance of expenditure under section 14A of the Act back to the AO for fresh adjudication, as the evidence regarding the source of funds for investments was not properly assessed. The appeal was allowed for statistical purposes, and the order was pronounced in Open Court on 21st August, 2014. en-us Thu, 21 Aug 2014 00:00:00 +0530 Wed, 15 Nov 2017 08:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195940 The Tribunal directed the Assessing Officer to delete the disallowance of marked to market losses on account of exchange rate fluctuation, following the decision in CIT Vs Woodward Governor India Pvt. Ltd. Additionally, the Tribunal remanded the issue of disallowance of expenditure under section 14A of the Act back to the AO for fresh adjudication, as the evidence regarding the source of funds for investments was not properly assessed. The appeal was allowed for statistical purposes, and the order was pronounced in Open Court on 21st August, 2014. Case-Laws Income Tax Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195940