also refer to the decision of the Special Bench of the ITAT in the ONGC where the following question was considered:
Whether on the facts ... loss on account of fluctuation in foreign currency rates is allowable. The ITAT explained its conclusion in the following manner:
After careful consideration it held
submitted that the revenue is not invoking
Rule 27 of the ITAT Rules nor any application has been filed by the
revenue in that regard ... being raised by the revenue by invoking rule 27 of the
ITAT Rules, despite the fact that such a cross objection has been
dismissed
filed appeals before the Income Tax Appellate
Tribunal, Cochin (for short, the `ITAT'). All the appeals were
heard together and vide its order dated ... High Court in
the case of South Indian Bank Ltd. (supra), the ITAT dismissed
the appeal of the Revenue on this issue and also granted
brevity) as well as the Income Tax Appellate Tribunal (ITAT for short) adverse to the Revenue. Succinctly stated, in January, 1984 the assessed had commenced ... reversed by the CIT (A), whose decision was thereafter upheld by the ITAT.
A.Y. Amount received by way Addition made and, deleted
of share
passed by Income Tax Appellate Tribunal
(hereinafter referred to as "the ITAT") in appeal No. 4839/Del/2009
respecting the respondent ... case ld.
ITA No.525/2014 Page 1 of 24
ITAT was correct in allowing the appeal of the assessee in
regard to addition
CBDT Circular No.621 dated 19.12.1991, in paras 32.10 and 32.11. The ITAT in International Research Park Laboratories v. ACIT ... been engaged in the export business.' This decision of the ITAT has been approved by the Hon'ble Supreme Court
that notice which is quashed by the Income Tax Appellate Tribunal (ITAT)
and the order of the ITAT has been upheld by the High Court ... order, which was against the assessee, it preferred further appeal to
the ITAT. In the appeal before the ITAT, the assessee raised additional
ground questioning
2021/2010 2000-01 Whether the Income Tax Appellate Tribunal
(ITAT) was right in law in deleting the
addition ... respectively?
2045/2010 2001-02 1. Whether the Income Tax Appellate
Tribunal (ITAT) was right in law in deleting
the addition
Itat And Ors. on 2 June, 2006
Equivalent citations: (2005)204CTR(DEL)349, [2006]155TAXMAN378(DELHI)
Author: T.S. Thakur
Bench: T.S. Thakur
JUDGMENT ... settled by two decisions of this court in Ms. Deeksha Suri v. ITAT ( 1998) 232 ITR 395 (Del) Karan & Co. v. ITAT
ACIT in ITA No.3452/Mum/2012,
dated 29.11.2019 (ITAT Mumbai)
Bajaj Electricals Ltd. vs. ACIT in ITA No. 3892/Mum/2011,
dated 14.10.2019 (ITAT ... Birla Corporation Ltd. in ITA No. 971/Kol./2012,
dated 25.08.2017 (ITAT Kolkata)
M/s. Zaveri & Co. P. Ltd. vs. DCIT
