https://www.taxtmi.com/caselaws?id=306384 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. It held that the addition of short-term capital gains was not justified as the transfer was in the hands of the shareholder, and the unrealized foreign exchange gain could not be considered income under section 43A of the Act. The order was pronounced on 24/01/2023. en-us Mon, 24 Jan 2022 00:00:00 +0530 Wed, 25 Jan 2023 13:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306384 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. It held that the addition of short-term capital gains was not justified as the transfer was in the hands of the shareholder, and the unrealized foreign exchange gain could not be considered income under section 43A of the Act. The order was pronounced on 24/01/2023. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306384