https://www.taxtmi.com/caselaws?id=294531 The Tribunal partially allowed the assessee's appeals and dismissed the Revenue's appeal. It emphasized the importance of proper examination of facts and adherence to judicial precedents in determining the allowability of expenses and losses. The decision provided detailed directions for the Assessing Officer to reconsider specific issues, including the disallowance of expenses under Section 14A and foreign exchange losses, ensuring a fresh determination based on the nature of the transactions and supporting documentation. en-us Thu, 06 Feb 2020 00:00:00 +0530 Mon, 19 Apr 2021 20:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294531 The Tribunal partially allowed the assessee's appeals and dismissed the Revenue's appeal. It emphasized the importance of proper examination of facts and adherence to judicial precedents in determining the allowability of expenses and losses. The decision provided detailed directions for the Assessing Officer to reconsider specific issues, including the disallowance of expenses under Section 14A and foreign exchange losses, ensuring a fresh determination based on the nature of the transactions and supporting documentation. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294531