https://www.taxtmi.com/caselaws?id=440401 The Tribunal partly allowed the assessee's appeal for statistical purposes. The issues concerning ad-hoc disallowance and reversal of Cenvat credit were remitted to the AO for fresh adjudication. The Tribunal directed the AO to delete the addition related to foreign exchange fluctuation loss, citing a precedent from the Supreme Court. The order was pronounced on 14th July 2023. en-us Fri, 14 Jul 2023 00:00:00 +0530 Mon, 17 Jul 2023 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440401 The Tribunal partly allowed the assessee's appeal for statistical purposes. The issues concerning ad-hoc disallowance and reversal of Cenvat credit were remitted to the AO for fresh adjudication. The Tribunal directed the AO to delete the addition related to foreign exchange fluctuation loss, citing a precedent from the Supreme Court. The order was pronounced on 14th July 2023. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440401