Viney Corporation Ltd. v. ACIT (2021) 92 ITR 59 (SN) (Delhi)(Trib.) Carlson Hospitality Marketing (India) Pvt. Ltd. v. Dy. CIT (2021) 92 ITR 27 (SN) (Delhi)(Trib.)

S. 37(1) : Business expenditure-Foreign Exchange loss-Allowable as revenue expenditure.

Held that foreign exchange loss allowable as business loss. (AY.2014-15)