Case Law Details
Case Name : K. Uttamlal And Company Vs ACIT (ITAT Mumbai)
Appeal Number : ITA no. 2010/Mum./2021
Date of Judgement/Order : 14/06/2022
Related Assessment Year : 2012–13
Courts :
All ITAT ITAT Mumbai
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K. Uttamlal And Company Vs ACIT (ITAT Mumbai)
Introduction: The case of K. Uttamlal & Company vs ACIT (ITAT Mumbai) revolves around the disallowance of foreign exchange loss concerning buyer’s credit. The primary issue is the treatment of foreign exchange loss on the buyer’s
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