Foreign exchange gain or loss on capital assets is governed by Section 43A and not by ICDS VI. ICDS VI does not apply to foreign exchange gain or loss arising in respect of capital assets purchased from a foreign country; such exchange differences are to be determined and governed in accordance with Section 43A and not under ICDS VI.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign exchange gain or loss on capital assets is governed by Section 43A and not by ICDS VI.
ICDS VI does not apply to foreign exchange gain or loss arising in respect of capital assets purchased from a foreign country; such exchange differences are to be determined and governed in accordance with Section 43A and not under ICDS VI.
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