![Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113255-loss-currency-derivatives-held-speculative-transaction-business-itat-upholds-foreign-exchange-loss-brokerage-disallowance-taxscan.webp "Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]")
Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]
The Delhi Bench of the Income Tax AppellateTribunal (ITAT) has confirmed the disallowance of foreign exchange losses amounting to ₹4,05,61,649 and...
![Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_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]")
![Relief to Sabre Travel Network (India) : ITAT deletes Additions of Foreign Exchange Loss incurred from Marketing Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Sabre-Travel-Network-India-Sabre-ITAT-deletes-Additions-Foreign-Exchange-Loss-Marketing-Services-taxscan.jpg "Relief to Sabre Travel Network (India) : ITAT deletes Additions of Foreign Exchange Loss incurred from Marketing Services [Read Order]")
![Foreign Exchange Loss incurred for Converting Loan to Foreign Currency allowable as Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Foreign-Exchange-Loss-Foreign-Exchange-Foreign-Exchange-Loss-incurred-for-Converting-Loan-Converting-Loan-Loan-Foreign-Currency-allowable-as-Business-Loss-Foreign-Currency-Business-Loss-ITAT-Taxscan.jpg "Foreign Exchange Loss incurred for Converting Loan to Foreign Currency allowable as Business Loss: ITAT [Read Order]")
![Deduction of Foreign Exchange Loss suffered is duly allowable as Loss incurred during year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Deduction-Foreign-Exchange-Loss-Loss-ITAT-taxscan.jpeg "Deduction of Foreign Exchange Loss suffered is duly allowable as Loss incurred during year: ITAT [Read Order]")
ITAT directs Fresh Adjudication on Disallowance of Foreign Exchange Loss in respect of Buyer’s Credit payable by Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai directed fresh adjudication on the disallowance of foreign exchange loss in respect of the buyer’s credit payable by the assessee. The assessee, K....
![ITAT directs Fresh Adjudication on Disallowance of Foreign Exchange Loss in respect of Buyer’s Credit payable by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-adjudication-foreign-exchange-loss-buyers-credit-assessee-taxscan.jpg "ITAT directs Fresh Adjudication on Disallowance of Foreign Exchange Loss in respect of Buyer’s Credit payable by Assessee [Read Order]")
Relief to Karnataka Bank: Foreign Exchange Loss while implementing Export Contract is a Business Loss, affirms HC [Read Order]
In a major relief to the Karnataka Bank, the Karnataka High Court reiterated that the Foreign exchange loss while implementing the export contract is a business loss. The assessee, Karnataka Bank...
![Relief to Karnataka Bank: Foreign Exchange Loss while implementing Export Contract is a Business Loss, affirms HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Karnataka-Bank-Foreign-export-contract-business-loss-Taxscan.jpeg "Relief to Karnataka Bank: Foreign Exchange Loss while implementing Export Contract is a Business Loss, affirms HC [Read Order]")
Foreign Exchange Loss to be allowed as Revenue Expenditure and is to be charged into the Profit and Loss Account: ITAT [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal in the case of M/s Baby Memorial Hospital v. The Assistant Commissioner of Income Tax ruling in favour of the assessee held that Foreign Exchange...
![Foreign Exchange Loss to be allowed as Revenue Expenditure and is to be charged into the Profit and Loss Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/11/Foreign-Exchange-ITAT-Taxscan.jpg "Foreign Exchange Loss to be allowed as Revenue Expenditure and is to be charged into the Profit and Loss Account: ITAT [Read Order]")
ITAT Delhi allows deduction of Foreign exchange fluctuation loss arising out of current liabilities [Read Order]
The Delhi bench of Income Tax Appellate Tribunal recently held that the deduction in respect of foreign exchange fluctuation loss arising out of current liabilities is allowable in accordance with the...
![ITAT Delhi allows deduction of Foreign exchange fluctuation loss arising out of current liabilities [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Foreign-Exchange.jpg "ITAT Delhi allows deduction of Foreign exchange fluctuation loss arising out of current liabilities [Read Order]")
Foreign Exchange Loss is allowable as Deduction u/s 37 of the Income Tax Act: Bombay HC [Read Order]
The High Court of Bombay in a recent decision held that the foreign exchange loss is not a “notional” or “speculation” loss and is allowable as a deduction. According to the division bench, the same...