![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]")
Relief to Sabre Travel Network (India) : ITAT deletes Additions of Foreign Exchange Loss incurred from Marketing Services [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently while providing relief to Sabre Travel Network (India) deleted additions...
![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]](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]](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...