{"id":61686,"date":"2026-07-04T10:13:30","date_gmt":"2026-07-04T04:43:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vgm-export-v-jcit-2025-235-ttj-526-172-taxmann-com-819-panaji-trib\/"},"modified":"2026-07-04T10:13:30","modified_gmt":"2026-07-04T04:43:30","slug":"vgm-export-v-jcit-2025-235-ttj-526-172-taxmann-com-819-panaji-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vgm-export-v-jcit-2025-235-ttj-526-172-taxmann-com-819-panaji-trib\/","title":{"rendered":"Vgm Export v. JCIT (2025) 235 TTJ 526 \/ 172 taxmann.com 819 (Panaji) (Trib)"},"content":{"rendered":"<p>Held that since the assessee has recognised the losses on forex fluctuation in relation to the closing balance held in EEFC a\/c regularly in accordance with AS-11 and the Revenue has accepted the claim of fluctuation loss as &#8216;real and revenue in nature&#8217;, the same is an allowable deduction. \u00a0(AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure-Foreign exchange fluctuation loss-Working capital-Allowable as a deduction. [S. 145, AS-11] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61686","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g2W","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=61686"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61686\/revisions"}],"predecessor-version":[{"id":61687,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61686\/revisions\/61687"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}