Held that the Assessing Officer was to verify and allow the assessee consequential deduction with regard to restatement of foreign exchange loss for Rs. 547.14 lakhs. The assessee was to provide the requisite information.(AY. 2010-11, 2011-12)
Triumph International (India) Pvt. Ltd. v. ACIT (2022)100 ITR 33 (SN)(Chennai) (Trib)
S. 37(1) : Business expenditure-Restatement of foreign exchange loss-Assessing Officer directed to verify and allow.