https://www.taxtmi.com/caselaws?id=413041 The appeals of the revenue were dismissed, and the delays in filing were condoned. The disallowance of Forex derivative losses was overturned, allowing them as business losses. The waiver of the loan under OTS was deemed a capital receipt and not taxable. Cross objections for A.Y. 2009-10 and 2012-13 were dismissed, while those for A.Y. 2013-14 were partly allowed. en-us Fri, 24 Sep 2021 00:00:00 +0530 Mon, 04 Oct 2021 08:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413041 The appeals of the revenue were dismissed, and the delays in filing were condoned. The disallowance of Forex derivative losses was overturned, allowing them as business losses. The waiver of the loan under OTS was deemed a capital receipt and not taxable. Cross objections for A.Y. 2009-10 and 2012-13 were dismissed, while those for A.Y. 2013-14 were partly allowed. Case-Laws Income Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413041