https://www.taxtmi.com/caselaws?id=400578 The Tribunal ruled in favor of the appellant, partially allowing the appeal. The Tribunal held that no notional interest adjustment was warranted for delayed realization of export receivables, disallowed the mark to market loss on forward contracts, and restricted the disallowance under Section 14A to the amount of exempt income earned by the appellant. The Tribunal allowed grounds 1 to 7 in favor of the appellant, partially allowing ground 8. en-us Mon, 03 Aug 2020 00:00:00 +0530 Fri, 13 Nov 2020 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400578 The Tribunal ruled in favor of the appellant, partially allowing the appeal. The Tribunal held that no notional interest adjustment was warranted for delayed realization of export receivables, disallowed the mark to market loss on forward contracts, and restricted the disallowance under Section 14A to the amount of exempt income earned by the appellant. The Tribunal allowed grounds 1 to 7 in favor of the appellant, partially allowing ground 8. Case-Laws Income Tax Mon, 03 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400578