2011 (6) TMI 1005

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 hearing of the appeal, the ld Counsel for the assessee has invited our atten .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ating 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 that the issue was also covered by the order of the Tribunal in the assess .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X