https://www.taxtmi.com/caselaws?id=296641 The Tribunal partially allowed the miscellaneous application by recalling the ground for fresh adjudication regarding the disallowance of contributions to Mahindra Academy. However, the application concerning the deduction for the difference in exchange was dismissed, upholding the original decision based on the Supreme Court's ruling in Satlej Cotton Mills. The Tribunal emphasized the treatment of foreign exchange gains or losses related to capital assets. en-us Fri, 21 Feb 2020 00:00:00 +0530 Fri, 30 Jul 2021 21:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296641 The Tribunal partially allowed the miscellaneous application by recalling the ground for fresh adjudication regarding the disallowance of contributions to Mahindra Academy. However, the application concerning the deduction for the difference in exchange was dismissed, upholding the original decision based on the Supreme Court's ruling in Satlej Cotton Mills. The Tribunal emphasized the treatment of foreign exchange gains or losses related to capital assets. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296641