Allowability of claim - additional claim by way of letter, which ...

Income Tax

December 29, 2020

Allowability of claim - additional claim by way of letter, which are not claimed in the return of income by the assessee - Deduction towards forex loss - Income Computation Disposal Standard-6 has relevance to the year under consideration and the placing of reliance by A.R. on this standard is misplaced. Coming to the allowability of deduction, in our opinion, assessee is entitled for forex loss relevant to the assessment year under consideration only to the tune of ₹ 41,96,702/- and not entire amount of ₹ 62,60,285/-. - AT

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Allowability of claim - additional claim by way of letter, which ...

Income Tax

December 29, 2020

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