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Assessee's Foreign Loss Claim u/s 263 Reviewed; AO Failed to Inquire Despite Retrospective Section 43AA Amendment.
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....Revision u/s 263 - ssessee has claimed foreign fluctuation loss with respect to foreign currency loan which was converted into the shares of the company - AO has not conducted inquiry with respect to loss claimed by the assessee in the revised return of income by virtue of amended provision of section 43AA of the Act which was made applicable retrospectively. - AT....