https://www.taxtmi.com/caselaws?id=309747 The High Court condoned a delay of 815 days in filing the appeal due to lockdown restrictions, allowing the application for condonation of delay. The revenue's appeal challenging various provisions under the Income Tax Act, including treatment of Foreign Exchange Fluctuation Loss, Marked to Market Loss, and deduction under section 10B, was dismissed. The Court found the appeal could not be pursued independently, and the failure to raise substantial questions of law in a previous appeal weakened the revenue's position, leading to the dismissal of the appeal and closure of the stay application. en-us Mon, 31 Oct 2022 00:00:00 +0530 Mon, 01 Jun 2026 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309747 The High Court condoned a delay of 815 days in filing the appeal due to lockdown restrictions, allowing the application for condonation of delay. The revenue's appeal challenging various provisions under the Income Tax Act, including treatment of Foreign Exchange Fluctuation Loss, Marked to Market Loss, and deduction under section 10B, was dismissed. The Court found the appeal could not be pursued independently, and the failure to raise substantial questions of law in a previous appeal weakened the revenue's position, leading to the dismissal of the appeal and closure of the stay application. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309747