https://www.taxtmi.com/caselaws?id=396577 The ITAT Kolkata partially allowed the appeal, overturning the disallowances related to the loss on forward booking of foreign exchange and prior period expenses. Regarding the ad hoc disallowance of travelling and conveyance expenses, the ITAT partially allowed the appeal by directing the Assessing Officer to delete a portion of the disallowance. en-us Wed, 08 Jul 2020 00:00:00 +0530 Mon, 31 Aug 2020 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396577 The ITAT Kolkata partially allowed the appeal, overturning the disallowances related to the loss on forward booking of foreign exchange and prior period expenses. Regarding the ad hoc disallowance of travelling and conveyance expenses, the ITAT partially allowed the appeal by directing the Assessing Officer to delete a portion of the disallowance. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396577