https://www.taxtmi.com/caselaws?id=411029 The Tribunal directed the Assessing Officer to verify the utilization of loans for business purposes in a case involving disallowance of foreign exchange fluctuation loss. The matter was remanded for further examination, aligning with previous assessments. The Tribunal allowed appeals and cross objections for statistical purposes, emphasizing compliance with the Income Tax Act and prior Tribunal directions. en-us Tue, 10 Aug 2021 00:00:00 +0530 Sat, 14 Aug 2021 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411029 The Tribunal directed the Assessing Officer to verify the utilization of loans for business purposes in a case involving disallowance of foreign exchange fluctuation loss. The matter was remanded for further examination, aligning with previous assessments. The Tribunal allowed appeals and cross objections for statistical purposes, emphasizing compliance with the Income Tax Act and prior Tribunal directions. Case-Laws Income Tax Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411029