![No Service Tax applicable on Deputed Employees working under control, direction, and supervision of Overseas Company: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/CESTAT-Chennai-CESTAT-Service-Tax-Deputed-Employees-supervision-of-overseas-Employees-working-Taxscan.jpg "No Service Tax applicable on Deputed Employees working under control, direction, and supervision of Overseas Company: CESTAT [Read Order]")
No Service Tax applicable on Deputed Employees working under control, direction, and supervision of Overseas Company: CESTAT [Read Order]
The Customs, Excises, Service Tax Appellate Tribunal (CESTAT), Chennai Bench held that no service tax is applicable on Deputed employees working...
![When reversal of transactions in books is certified by Chartered Accountant onus is on Revenue to prove it otherwise: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Chartered-Accountant-Revenue-Taxscan.jpg "When reversal of transactions in books is certified by Chartered Accountant onus is on Revenue to prove it otherwise: Madras High Court [Read Order]")
![Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Cafe-Coffee-Day-Foreign-Exchange-Revenue-Expenditure-ITAT-Taxscan.jpg "Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [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]](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]")
Loss suffered by Entering into Hedging Contracts of Foreign Exchange when assessee not a Dealer in Foreign Exchange is ‘ Normal Business Loss ’: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of M/s ITT Shipping Pvt. Ltd. v. Pr. CIT-3, Kolkata held that when the assessee is not a dealer in foreign exchange and as a...
![Loss suffered by Entering into Hedging Contracts of Foreign Exchange when assessee not a Dealer in Foreign Exchange is ‘ Normal Business Loss ’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss suffered by Entering into Hedging Contracts of Foreign Exchange when assessee not a Dealer in Foreign Exchange is ‘ Normal Business Loss ’: ITAT [Read Order]")
ITAT allows Set Off of Loss arising out of Cancellation of Foreign Exchange / Forward Contract [Read Order]
In Arjav diamonds India Pvt Ltd v. ACIT, the Mumbai ITAT held that set off under the Income Tax Act can be allowed for loss arising out of cancellation of foreign exchange / forward contract, when the...
![ITAT allows Set Off of Loss arising out of Cancellation of Foreign Exchange / Forward Contract [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Foreign-Exchange.jpg "ITAT allows Set Off of Loss arising out of Cancellation of Foreign Exchange / Forward Contract [Read Order]")
Insurance & Travelling Expenses incurred in Foreign Exchange can be Excluded from Export and Total Turnover: ITAT Bangalore [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), in M/s. Sunquest Information Systems India Pvt. Ltd v. JCIT, held that the expenses incurred in foreign exchange towards insurance,...
![Insurance & Travelling Expenses incurred in Foreign Exchange can be Excluded from Export and Total Turnover: ITAT Bangalore [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Insurance & Travelling Expenses incurred in Foreign Exchange can be Excluded from Export and Total Turnover: ITAT Bangalore [Read Order]")