2023 (8) TMI 1071

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....R PER R.S. SYAL, VP : This appeal by the assessee is directed against the order dt. 27-03-2017 passed by the Pr.CIT-1, Pune u/s. 263 of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to the assessment year 2012-13. 2. It is a recalled matter inasmuch as the earlier ex parte order passed by the Tribunal on 11-09-2020 was subsequently recalled vide its later order ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er to be erroneous and prejudicial to the interest of the Revenue and directed the AO to examine the eligibility of deduction claim on account of foreign exchange loss of Rs. 6.23 crore. Aggrieved thereby, the assessee has come up in appeal before the Tribunal. 4. Having heard the rival submissions and gone through the relevant material on record, it is seen that the assessee is engaged in the ....