https://www.taxtmi.com/caselaws?id=285197 The tribunal allowed both appeals of the assessee, setting aside the Assessing Officer's adjustments on jurisdictional grounds, treating the loss on foreign currency forward contracts as a business loss, and including the sundry expenses written back in the profits for Section 10A deduction. The tribunal directed the AO to delete the adjustments made without incriminating material found during the search, treat the loss on foreign currency forward contracts as a business loss, and include the sundry expenses written back in the profits for Section 10A deduction. en-us Mon, 19 Aug 2019 00:00:00 +0530 Sat, 04 Jan 2020 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285197 The tribunal allowed both appeals of the assessee, setting aside the Assessing Officer's adjustments on jurisdictional grounds, treating the loss on foreign currency forward contracts as a business loss, and including the sundry expenses written back in the profits for Section 10A deduction. The tribunal directed the AO to delete the adjustments made without incriminating material found during the search, treat the loss on foreign currency forward contracts as a business loss, and include the sundry expenses written back in the profits for Section 10A deduction. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285197