https://www.taxtmi.com/caselaws?id=379905 The High Court allowed the appeal, setting aside the Tribunal's decision disallowing foreign exchange fluctuation losses as a deduction under the Income Tax Act. The Court also remanded the case concerning the deduction under Section 10B back to the Tribunal for reconsideration in light of subsequent legal developments, granting both parties the opportunity to present arguments without imposing costs. en-us Tue, 09 Apr 2019 00:00:00 +0530 Wed, 08 May 2019 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379905 The High Court allowed the appeal, setting aside the Tribunal's decision disallowing foreign exchange fluctuation losses as a deduction under the Income Tax Act. The Court also remanded the case concerning the deduction under Section 10B back to the Tribunal for reconsideration in light of subsequent legal developments, granting both parties the opportunity to present arguments without imposing costs. Case-Laws Income Tax Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379905