https://www.taxtmi.com/caselaws?id=437022 The Tribunal condoned the delay in filing the appeal for the assessment year 2014-15 and admitted it for adjudication. The income from forward contracts was assessed for the financial year 2012-13 following the Supreme Court's decision. The PCIT directed a fresh assessment under Section 263 due to errors in examining foreign exchange gains. Both appeals by the assessee were dismissed, upholding the PCIT's order for a new assessment. en-us Fri, 21 Apr 2023 00:00:00 +0530 Tue, 25 Apr 2023 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437022 The Tribunal condoned the delay in filing the appeal for the assessment year 2014-15 and admitted it for adjudication. The income from forward contracts was assessed for the financial year 2012-13 following the Supreme Court's decision. The PCIT directed a fresh assessment under Section 263 due to errors in examining foreign exchange gains. Both appeals by the assessee were dismissed, upholding the PCIT's order for a new assessment. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437022