Disallowance being the amount of exchange fluctuation loss ...

Foreign Exchange Loss from Year-End Revaluation of Business Advances is Deductible for Tax Purposes.

November 24, 2020

Case Laws Income Tax AT

Disallowance being the amount of exchange fluctuation loss provided at the year end on business advance received in foreign exchange - the exchange fluctuation loss arising on account of the revaluation of business advances on the close of the year by the assessee is allowable as deduction in the hands of the assessee - AT

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Disallowance being the amount of exchange fluctuation loss ...

Foreign Exchange Loss from Year-End Revaluation of Business Advances is Deductible for Tax Purposes.

November 24, 2020

Case Laws Income Tax AT

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