https://www.taxtmi.com/caselaws?id=356680 The High Court dismissed the appeal as no substantial legal questions arose from the treatment of foreign exchange losses and the disallowance under Section 40A(3) of the Income Tax Act. The Court emphasized the consistent approach of the assessee in handling foreign exchange gains and losses and the insignificance of the amount in the cash transaction disallowance. The decision was based on the lack of substantial legal issues regarding these matters. en-us Tue, 23 Jan 2018 00:00:00 +0530 Sat, 10 Mar 2018 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356680 The High Court dismissed the appeal as no substantial legal questions arose from the treatment of foreign exchange losses and the disallowance under Section 40A(3) of the Income Tax Act. The Court emphasized the consistent approach of the assessee in handling foreign exchange gains and losses and the insignificance of the amount in the cash transaction disallowance. The decision was based on the lack of substantial legal issues regarding these matters. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356680