2016 (5) TMI 1434

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....lant  Mr Vaibhav Kulkarni, Advocate. For The Respondent ORDER 1. This appeal by the Revenue is against the order dated 4th November, 2015 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No.1066/Del/2015 for the Assessment Year ('AY') 2010-11. 2. The ITAT by the impugned order allowed the appeal of the Assessee on the question of the correctness of the additions made by....

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....said issue giving rise to any substantial question of law. 4. As regards the other issue concerning foreign exchange fluctuation loss being considered as part of the operative expenses, the issue stands covered against the Revenue and in favour of the Assessee by the decision of the Supreme Court in Commissioner of Income-tax v. Woodward Governor India (P) Ltd. (2009) 312 ITR 254 (SC). Likewise....