https://www.taxtmi.com/caselaws?id=371271 The Tribunal allowed the assessee's appeal for statistical purposes, emphasizing the importance of a detailed assessment of the foreign exchange fluctuation loss. The Tribunal considered additional evidences presented by the assessee, including financial statements and agreements, and remitted the issue to the Assessing Officer for further review. The Tribunal directed the Assessing Officer to ascertain if the loss was related to repaying a trade advance and, if so, to treat it as a business loss. en-us Tue, 27 Nov 2018 00:00:00 +0530 Sat, 01 Dec 2018 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371271 The Tribunal allowed the assessee's appeal for statistical purposes, emphasizing the importance of a detailed assessment of the foreign exchange fluctuation loss. The Tribunal considered additional evidences presented by the assessee, including financial statements and agreements, and remitted the issue to the Assessing Officer for further review. The Tribunal directed the Assessing Officer to ascertain if the loss was related to repaying a trade advance and, if so, to treat it as a business loss. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371271