Sec. 80–IB of Income Tax Act, 1961—Deduction – Revenue preferred appeal raising many legal ground including that “Whether on facts and circumstances of the case, the Ld. CIT(A) is justified in deleting addition of Rs. 20,02,41,512/– by allowing the Forex Loss as a revenue expenditure ignoring the proviso to section 43A of the Act any adjustment can be done only on final settlement of the liability?” High Court dismissed this ground of revenue’s appeal holding that:- The foreign exchange loss is due to the reinstatement of the accounts at the end of the financial year as well as loss incurred on account of exchange fluctuation on repayment of borrowings is similar to the interest expenditure and it is to be allowed as revenue expenditure u/s 37 of the I.T.Act, as per the accounting standard approved by the Institute of Chartered Accountants of India – DEPUTY CIT Vs. COFFEE DAY GLOBAL LTD.  [2020] 79 ITR (TRIB) 322 (ITAT–BANGALORE)