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2020 (11) TMI 366 - AT - Income TaxDisallowance of foreign exchange fluctuation loss - HELD THAT:- During the course of appellate proceedings before the CIT(A), the assessee has submitted ledger account of the foreign exchange loss for assessment year 2013-14 demonstrating that there was reversal of the entry pertaining to unrealized loss. Therefore, we do not find any infirmity in the above elaborated finding of CIT(A) in deleting the impugned addition on the basis of reversal entry made in the assessment year 2013-14. Therefore, this ground of appeal of the revenue is dismissed.
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