https://www.taxtmi.com/caselaws?id=65224 The Tribunal allowed the appeal for enhanced depreciation due to foreign exchange rate fluctuation and directed the AO to re-examine deferred revenue expenditure. Interest on borrowed funds was deemed allowable, and profit from forward contract cancellation was considered a capital receipt. Deduction u/s 80-I was partly allowed, excluding rent from business profit. Appeals for asst. yrs. 1993-94 and 1994-95 were allowed in part, with directions for fresh examination and adherence to prior decisions. en-us Thu, 26 Jun 2003 00:00:00 +0530 Wed, 17 Jul 2024 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65224 The Tribunal allowed the appeal for enhanced depreciation due to foreign exchange rate fluctuation and directed the AO to re-examine deferred revenue expenditure. Interest on borrowed funds was deemed allowable, and profit from forward contract cancellation was considered a capital receipt. Deduction u/s 80-I was partly allowed, excluding rent from business profit. Appeals for asst. yrs. 1993-94 and 1994-95 were allowed in part, with directions for fresh examination and adherence to prior decisions. Case-Laws Income Tax Thu, 26 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65224