ACIT., CIRCLE-2(1), HYDERABAD vs. HSBC ELECTRONIC DATA PROCESSING CENTRE PRIVATE LIMITED, HYDERABAD
The appeal of the Revenue is dismissed
ITA 347/HYD/2023[2017-18]Status: DisposedITAT Hyderabad29 Nov 2024AY 2017-18
Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia
For Appellant: Shri Rajan Vora, C.A. &For Respondent: : Shri Kumar Pranav, CIT-DR
Section 115Section 115JSection 143(3)Section 43A
loss has been changed under the Act w.e.f. A.Y. 2017-18. To demonstrate the changes, the Ld. AR drew our attention to the section 36(1)(xviii), section 43AA and ICDS-VI of the Act. He further submitted that w.e.f.
A.Y. 2017-18 the FC gain/loss as per the amended ... unrealised FC gain of Rs.98,30,58,750/- has been included in the book profit. We have gone through the provisions contained in section 36(1)(xviii), section 43AA and ICDS-VI of the Act and found that, the amendment has been brought under the Act qua treatment