2017 (4) TMI 1362

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.... Raj Darak ORDER P.C: Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 20th November, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 20th November, 2013 is in respect of Assessment Year 200809. 2 The Revenue urges the following question of law for our consideration: " Whether on the facts and....

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.... said to be erroneous or prejudicial to the Revenue; and (b) on merits, the claim of the Assessee for loss on account of foreign exchange fluctuation on derivatives. 4 Appeal filed by the Revenue before us has only questioned the impugned order to the extent it decided the issue on merits of deleting the disallowance of the loss on account of foreign exchange fluctuation. The Revenu....