https://www.taxtmi.com/caselaws?id=412305 The Tribunal allowed the appeal of the assessee regarding the addition of credit balance outstanding under section 68 and the disallowance of exchange rate fluctuation loss. The Tribunal found the Assessing Officer's additions were not sustainable under the law, resulting in a favorable decision for the assessee on both grounds of appeal. en-us Tue, 14 Sep 2021 00:00:00 +0530 Wed, 15 Sep 2021 09:01:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412305 The Tribunal allowed the appeal of the assessee regarding the addition of credit balance outstanding under section 68 and the disallowance of exchange rate fluctuation loss. The Tribunal found the Assessing Officer's additions were not sustainable under the law, resulting in a favorable decision for the assessee on both grounds of appeal. Case-Laws Income Tax Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412305