https://www.taxtmi.com/caselaws?id=287773 The Tribunal allowed the appeal filed by the assessee, overturning the decisions of the lower authorities and directing the AO to verify and allow the claim of the assessee regarding the foreign exchange loss incurred during the assessment year. The Tribunal considered past acceptance of similar gains by the department in previous years and found no justification to disallow the loss claimed by the assessee in the current year. en-us Fri, 22 Aug 2014 00:00:00 +0530 Sat, 02 May 2020 06:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287773 The Tribunal allowed the appeal filed by the assessee, overturning the decisions of the lower authorities and directing the AO to verify and allow the claim of the assessee regarding the foreign exchange loss incurred during the assessment year. The Tribunal considered past acceptance of similar gains by the department in previous years and found no justification to disallow the loss claimed by the assessee in the current year. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287773