2011 (6) TMI 1005

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....i N. Raul, CIT. ORDER Per Shri Sunil Kumar Yadav, Judicial Member This appeal is preferred by the Revenue against the order of the CIT (A) mainly on two grounds. One is with regard to the disallowance of expenses claimed under the head liquidated damages and the other is with regard to disallowance of claim raised under the head Foreign Exchange Fluctuation. 2. During the course of hea....

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....ges. This order of the Tribunal was followed by the CIT (A) while adjudicating the impugned issue. We therefore, find no infirmity in the order of the CIT (A) as he was bound by the orders of the Tribunal. We accordingly confirm the order of the CIT (A) in this regard. 4. Other issue is with regard to disallowance of claim under the head Foreign Exchange Fluctuation. Our attention was invited t....