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2021 (4) TMI 902 - AT - Income TaxAddition of unrealized hedging loss on forward contracts - HELD THAT:- As relying on M/S WOODWARD GOVERNOR INDIA P. LTD. & M/S HONDA SIEL POWER PRODUCTS LTD. [2009 (4) TMI 4 - SUPREME COURT] the addition on a/c of unrealized hedging loss on forward contracts made by the Assessing Officer and confirmed by the CIT (A) is deleted. Additional ground to claim deduction of education cess paid on income tax for the year under section 37(1) - HELD THAT:- As these grounds being legal and not raised either before the Assessing Officer or the CIT (A), we deem it fit and proper to admit the same and remand the same to the file of the Assessing Officer for examination of the issues raised therein in accordance with law.
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