https://www.taxtmi.com/caselaws?id=779014 ITAT DELHI held that gain on cancellation of forward contracts hedging purchase of plant and machinery is capital in nature and not exigible to tax, allowing the assessee's adjustment against cost of acquisition. The Tribunal restored the issue of disallowance of unsecured loans to the AO for de novo examination. Payments for technical know-how were held to be revenue in nature (no enduring benefit), and environment study expenses were also treated as revenue expenditure incurred for statutory clearances during modernisation. Appeals were disposed accordingly. en-us Tue, 23 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779014 ITAT DELHI held that gain on cancellation of forward contracts hedging purchase of plant and machinery is capital in nature and not exigible to tax, allowing the assessee's adjustment against cost of acquisition. The Tribunal restored the issue of disallowance of unsecured loans to the AO for de novo examination. Payments for technical know-how were held to be revenue in nature (no enduring benefit), and environment study expenses were also treated as revenue expenditure incurred for statutory clearances during modernisation. Appeals were disposed accordingly. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779014