https://www.taxtmi.com/caselaws?id=308315 The Court upheld the lower authorities' decisions in a tax case involving the treatment of foreign exchange losses, advance of interest-free loans to a related party, and non-deduction of TDS on export commission. It was ruled that the foreign exchange losses were not speculative but integral to the export trade, loans were given based on commercial expediency, and TDS was not required for services provided outside India to a non-resident entity. The appeals were dismissed as no substantial question of law was found, and the lower authorities' judgments were upheld. en-us Mon, 12 Mar 2018 00:00:00 +0530 Thu, 15 Jun 2023 15:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308315 The Court upheld the lower authorities' decisions in a tax case involving the treatment of foreign exchange losses, advance of interest-free loans to a related party, and non-deduction of TDS on export commission. It was ruled that the foreign exchange losses were not speculative but integral to the export trade, loans were given based on commercial expediency, and TDS was not required for services provided outside India to a non-resident entity. The appeals were dismissed as no substantial question of law was found, and the lower authorities' judgments were upheld. Case-Laws Income Tax Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308315