2018 (2) TMI 2027

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....ns and assessee has challenged the upholding of disallowance on account of interest of working capital loss and foreign exchange fluctuation loss. 2. The revenue has raised the following grounds of appeal:- "The DCIT, Circle-3(1), New Delhi is hereby directed to file appeal in the above mentioned case before the ITAT, New Delhi on the following grounds of appeal. 1. On the facts and in the circumstances of the case, the ld CIT(A) has erred in restricting the disallowance on account of foreign exchange fluctuation loss on loans to Rs. 66426625/- out of total disallowance Page | 1 of Rs. 132853251/- when it was undisputed that the loan and consequently, expenses were capital in nature and hence, liable to be added as a wh....

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....appeal of the assessee in ITa No. 5575/Del/2013 which has not been signed by the person who is authorized to sign the appeal of the assessee. In view of this as this appeal is defective appeal same is dismissed without adjudicating the issue on the merits of the case. it is also to be noted that despite the assessee fielding this appeal in 2013 has not get it signed properly by the person who is authorized to sign to return of income. In the result appeal of the assessee is dismissed with a liberty to assessee to file miscellaneous application as and when the form of appeal is properly signed and filed in accordance with the law. 5. In the result appeal of the assessee is dismissed. 6. Coming to the ground of the appeal of the revenue....