https://www.taxtmi.com/caselaws?id=290539 The Tribunal remanded the issue back to the Assessing Officer to determine whether the foreign exchange derivative transactions were in respect of capital or revenue items. The Assessing Officer is directed to examine this based on the principles laid down in the judgment. The appeal of the Assessee is partly allowed for statistical purposes. en-us Tue, 11 Jun 2019 00:00:00 +0530 Sun, 04 Oct 2020 16:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290539 The Tribunal remanded the issue back to the Assessing Officer to determine whether the foreign exchange derivative transactions were in respect of capital or revenue items. The Assessing Officer is directed to examine this based on the principles laid down in the judgment. The appeal of the Assessee is partly allowed for statistical purposes. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290539