Foreign Exchange Fluctuation Loss Deemed Revenue Nature; CBDT Instruction Can't Override Judicial Ruling, Claim Allowed. https://www.taxtmi.com/highlights?id=49401 Disallowance on account of Foreign Fluctuation Exchange loss - such loss/profit to be of revenue character. - the CBDT Instruction cannot override the judicially settled position - claim allowed. en-us Mon, 23 Sep 2019 07:21:09 +0530 Sun, 22 Sep 2019 09:56:50 +0530 TaxTMI RSS Generator Foreign Exchange Fluctuation Loss Deemed Revenue Nature; CBDT Instruction Can't Override Judicial Ruling, Claim Allowed. https://www.taxtmi.com/highlights?id=49401 Disallowance on account of Foreign Fluctuation Exchange loss - such loss/profit to be of revenue character. - the CBDT Instruction cannot override the judicially settled position - claim allowed. Highlights Income Tax Mon, 23 Sep 2019 07:21:09 +0530 https://www.taxtmi.com/highlights?id=49401