MAT computation - loss arising from foreign exchange fluctuation ...

Revenue's Argument on MAT Computation Dismissed; AO Classifies as Exchange Loss, No Tax Additions Made.

December 11, 2018

Case Laws Income Tax HC

MAT computation - loss arising from foreign exchange fluctuation - Though before us the Revenue contended that the assessee has made only a provision, we find that nowhere in the assessment proceedings such a statement was made - AO has shown the same as loss on account of exchange fluctuation and not as a provision - No additions.

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MAT computation - loss arising from foreign exchange fluctuation ...

Revenue's Argument on MAT Computation Dismissed; AO Classifies as Exchange Loss, No Tax Additions Made.

December 11, 2018

Case Laws Income Tax HC

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