https://www.taxtmi.com/caselaws?id=297430 The court upheld the Tribunal's decisions on all issues raised in the appeal. It dismissed the appeal challenging the disallowance of notional loss on foreign exchange fluctuation, the upward adjustment of interest on loans to Associated Enterprises, the fresh claim of Revenue expenditures for debentures, the disallowance under Section 14A for MAT tax liability, and the remand of relief under Section 90 without a revised return. The court's rulings were in line with legal precedents and supported the Tribunal's decisions favoring the assessee. en-us Wed, 27 Jun 2018 00:00:00 +0530 Sat, 04 Sep 2021 08:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297430 The court upheld the Tribunal's decisions on all issues raised in the appeal. It dismissed the appeal challenging the disallowance of notional loss on foreign exchange fluctuation, the upward adjustment of interest on loans to Associated Enterprises, the fresh claim of Revenue expenditures for debentures, the disallowance under Section 14A for MAT tax liability, and the remand of relief under Section 90 without a revised return. The court's rulings were in line with legal precedents and supported the Tribunal's decisions favoring the assessee. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297430