2018 (3) TMI 383

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....r the Respondent : Ms. Ananya Kapoor, Adv. ORDER The Revenue in its appeal under Section 260A of the Income Tax Act, 1962 ('the Act') urges two questions of law i.e. (1) the treatment in the books of accounts of the assessee with respect to losses on account of foreign exchange fluctuation and (2) disallowance under Section 40A(3) of the Act in respect of Rs. 1,53,540/-. The assessee's re....