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![Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070957-foreign-exchange-loss-revenue-expenditure-itat-deletes-disallowance-citing-non-capitalization-taxscan.webp "Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]")
Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of foreign exchange loss amounting to Rs. 1,12,449 and ruled...
![Payment of Interest on late deposit of TDS is not a Deductible Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Payment-of-Interest-late-deposit-TDS-Deductible-Expenditure-ITAT-Taxscan.jpg "Payment of Interest on late deposit of TDS is not a Deductible Expenditure: ITAT [Read Order]")