https://www.taxtmi.com/caselaws?id=362814 The Tribunal allowed the appeal of a non-resident company, deleting the addition of Rs. 16,10,71,640/- as exchange fluctuation loss. It held that the fluctuation loss was a real expenditure incurred for operational purposes, rejecting the Assessing Officer's classification of remittances as capital contributions. The Tribunal emphasized consistency in tax treatment, distinguishing previous cases and ruling that the DTAA provision invoked was inapplicable. The decision highlights the importance of treating expenses based on their actual nature and applying tax laws consistently. en-us Thu, 28 Jun 2018 00:00:00 +0530 Wed, 08 Aug 2018 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362814 The Tribunal allowed the appeal of a non-resident company, deleting the addition of Rs. 16,10,71,640/- as exchange fluctuation loss. It held that the fluctuation loss was a real expenditure incurred for operational purposes, rejecting the Assessing Officer's classification of remittances as capital contributions. The Tribunal emphasized consistency in tax treatment, distinguishing previous cases and ruling that the DTAA provision invoked was inapplicable. The decision highlights the importance of treating expenses based on their actual nature and applying tax laws consistently. Case-Laws Income Tax Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362814