2019 (2) TMI 1646

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..... section 32(1) of the Income Tax Act, 1961? Disallowance of Foreign Exchange Fluctuations Gain - HELD THAT:- ITAT has merely applied the decision of this court in the case of Commissioner of Income Tax v. Priyanka Gems, [ 2014 (3) TMI 938 - GUJARAT HIGH COURT] to the facts of the present case; under the circumstances, the impugned order does not give rise to any question of law insofar as the .....

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..... ] Whether the Appellate Tribunal has erred in law and on facts in upholding the decision of CIT (A) on Disallowance of Foreign Exchange Fluctuations Gain of ₹ 2,32,88,197/-? 3. Insofar as the first question is concerned, the court is of the view that the appeal requires consideration. Hence, ADMIT. The following substantial question of law arises for consideration: Wh .....

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