Unsustainable Addition: Foreign Exchange Loss – Deduction Previously Allowed

Sabre Travel Network (India) Pvt Ltd Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that addition made on account of foreign exchange loss unsustainable as the same is duly allowed as deduction by the Tribunal in past.

Facts- The assessee is a wholly owned subsidiary of Sabre Asia Pacific Pte Ltd. (SAP). SAP provides a Computerised Reservation System (CRS) that facilitates the travel agents to provide Travel information, hotel and cab booking facilities and facilitates to make air

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