Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeDirect TaxCompensation Paid Towards Exchange Rate Fluctuation Loss Is Allowable Deduction: Madras High...

Compensation Paid Towards Exchange Rate Fluctuation Loss Is Allowable Deduction: Madras High Court 

Direct Tax

Published on

By Mariya Paliwala
madras high court

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Madras High Court has held that compensation paid towards exchange rate fluctuation loss pursuant to commercial expediency is an allowable deduction, even if such compensation is not expressly provided for in the written contract. The Bench of Dr. Justice Anita Sumanth and Justice Mummineeni Sudheer Kumar allowed the Tax Case Appeal setting aside the…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

GST

Ocean Freight IGST Refund Can’t Be Denied for Payments Before Mohit Minerals Ruling: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Surat Bench, has held that refund...
GST

ITC On Resort Construction Blocked Despite Taxable Business Use; ₹9.32 Lakh Demand Upheld: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Bengaluru Bench, has dismissed a resort’s...
GST

ITC Reversal Dispute Involves Question Of Law, Can’t Be Decided Merely By Checking GST Returns: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Chennai Bench, has held that a...
GST

Rs. 1.53 Crore GST Refund Dispute Over Place Of Supply Must Be Heard By Principal Bench: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Delhi State Bench, has transferred a...

More like this

GST

Ocean Freight IGST Refund Can’t Be Denied for Payments Before Mohit Minerals Ruling: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Surat Bench, has held that refund...
GST

ITC On Resort Construction Blocked Despite Taxable Business Use; ₹9.32 Lakh Demand Upheld: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Bengaluru Bench, has dismissed a resort’s...
GST

ITC Reversal Dispute Involves Question Of Law, Can’t Be Decided Merely By Checking GST Returns: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Chennai Bench, has held that a...