https://www.taxtmi.com/caselaws?id=355313 The Tribunal dismissed both appeals by the Revenue, affirming the CIT(A)'s decisions to delete the additions for the premium paid to hedge against exchange fluctuation risk and the undervaluation of closing stock. The Tribunal noted the consistency of decisions with previous years and the absence of contradictory evidence from the Revenue, leading to the dismissal of the Revenue's grounds. en-us Wed, 31 Jan 2018 00:00:00 +0530 Tue, 13 Feb 2018 06:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355313 The Tribunal dismissed both appeals by the Revenue, affirming the CIT(A)'s decisions to delete the additions for the premium paid to hedge against exchange fluctuation risk and the undervaluation of closing stock. The Tribunal noted the consistency of decisions with previous years and the absence of contradictory evidence from the Revenue, leading to the dismissal of the Revenue's grounds. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355313