TMI BlogLoss arising on account of exchange fluctuation - The analysis done by the ITAT and the conclusion...Loss arising on account of exchange fluctuation - The analysis done by the ITAT and the conclusion arrived at in respect of the subject claim of the appellant being the correct approach consistent with the exposition of this Court, needs to be upheld. In our opinion, the High Court missed the relevant aspects of the analysis of the ITAT concerning the fact situation of the present case. As a matter of fact, the High Court has not even adverted to the aforementioned reported decisions, much less ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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