https://www.taxtmi.com/caselaws?id=289020 The Tribunal dismissed the revenue's appeals for both Assessment Years 2009-10 and 2010-11, while partially allowing the assessee's appeals. It upheld the CIT(A)'s decisions, providing relief to the assessee by allowing the disallowance of foreign exchange fluctuation loss and deduction of the premium on FCCBs. The Tribunal also confirmed the non-applicability of Section 40(a)(i) and upheld the deletion of disallowances under Section 14A read with Rule 8D. en-us Fri, 16 Nov 2018 00:00:00 +0530 Thu, 09 Jul 2020 19:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289020 The Tribunal dismissed the revenue's appeals for both Assessment Years 2009-10 and 2010-11, while partially allowing the assessee's appeals. It upheld the CIT(A)'s decisions, providing relief to the assessee by allowing the disallowance of foreign exchange fluctuation loss and deduction of the premium on FCCBs. The Tribunal also confirmed the non-applicability of Section 40(a)(i) and upheld the deletion of disallowances under Section 14A read with Rule 8D. Case-Laws Income Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289020