https://www.taxtmi.com/caselaws?id=67189 The Tribunal concluded that the assessee is entitled to add the additional liability incurred due to foreign exchange fluctuations to the actual cost of the asset, even if no actual payment was made based on the fluctuation rates. Consequently, the assessee is eligible for depreciation on the enhanced cost for the relevant assessment years. The orders of the learned CIT(A) allowing the assessee's claim were confirmed, and both appeals by the revenue were dismissed. en-us Fri, 27 Jul 2007 00:00:00 +0530 Wed, 09 Mar 2011 14:00:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67189 The Tribunal concluded that the assessee is entitled to add the additional liability incurred due to foreign exchange fluctuations to the actual cost of the asset, even if no actual payment was made based on the fluctuation rates. Consequently, the assessee is eligible for depreciation on the enhanced cost for the relevant assessment years. The orders of the learned CIT(A) allowing the assessee's claim were confirmed, and both appeals by the revenue were dismissed. Case-Laws Income Tax Fri, 27 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67189