assessee. Ld.
DR submitted that establishing the business
nexus of the forex gain/loss was essential
before considering such gain/loss as
operational in nature ... unable to produce anything before us that
forex gain/loss were not associated with
expert earning of the assessee. Especially so
since assessee
assessee. Ld. DR
submitted that establishing the business nexus of
the forex gain/loss was essential before
considering such gain/loss as operational in
nature ... unable to produce
anything before us that forex gain/loss were not
associated with expert earning of the assessee.
Especially so since assessee
circumstances of the case, the Tribunal is right in
directing to include forex gain/loss as operating
Date of Judgment ... giving relief to the assessee on the issue of
interest charged to Associated Enterprise when it
is clear that interest is not charged at Arms
Forex Ltd vs Sri Balakrishna Reddy on 19 February, 2009
Author: N.Ananda
Bench: N.Ananda
w-
in: THE HIGH COURT or KARNATAKA ... flgaiore-570 O17.
.. Rcizspondent
u (By M] s.Namyana Reddy.M 85 Associates, Advocates)
This petition is flied under Articie 227 of the Constitiitidnibfé
Smt. Sumithra vs B S Sudhir on 27 November, 2020
Author: H.P.Sandesh
Bench
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CRL.A.No