2016 (12) TMI 1728 - HC - Income Tax

Treatment of foreign exchange fluctuations and brand expenses - Held that - It is undisputed that the question of law sought to be urged is identical to the one 2016 (12) TMI 1727 - DELHI HIGH COURT in which this Court declined to interfere on the same issue i.e. treatment of foreign exchange fluctuations and brand expenses. No question of law arises

Summary

The High Court of Delhi dismissed a revenue appeal as the issue raised was identical to a previous case where the Court declined to interfere. The appeal was disposed of as no question of law arose.