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![Foreign Exchange Contract forward loss are Revenue Loss: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Foreign-Exchange.jpg "Foreign Exchange Contract forward loss are Revenue Loss: Bombay HC [Read Judgment]")
Foreign Exchange Contract forward loss are Revenue Loss: Bombay HC [Read Judgment]
The division bench of the Bombay High Court, in a recent decision, held that the loss suffered on foreign exchange transactions entered into for...
![Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]")
![Entire expenses incurred on Non-convertible debentures are allowable as Deduction even If they are redeemable after 5 Years: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Non-Convertible-debuntures-Tax-Scan.jpg "Entire expenses incurred on Non-convertible debentures are allowable as Deduction even If they are redeemable after 5 Years: ITAT Ahmedabad [Read Order]")