https://www.taxtmi.com/caselaws?id=64789 The tribunal partly allowed the appeal, rejecting the treatment of Rs. 1,35,000 as a revenue receipt and the disallowance of Rs. 1,83,217 under Section 43B. However, the claim for investment allowance on exchange rate fluctuation capitalized during the year was allowed, with the tribunal finding that the assessee is entitled to investment allowance under Section 32A. The tribunal distinguished the case from previous decisions and held that the actual cost should include the increased figure due to exchange rate fluctuations. en-us Thu, 13 Feb 1997 00:00:00 +0530 Wed, 09 Feb 2011 18:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64789 The tribunal partly allowed the appeal, rejecting the treatment of Rs. 1,35,000 as a revenue receipt and the disallowance of Rs. 1,83,217 under Section 43B. However, the claim for investment allowance on exchange rate fluctuation capitalized during the year was allowed, with the tribunal finding that the assessee is entitled to investment allowance under Section 32A. The tribunal distinguished the case from previous decisions and held that the actual cost should include the increased figure due to exchange rate fluctuations. Case-Laws Income Tax Thu, 13 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64789