https://www.taxtmi.com/caselaws?id=67650 Interest paid to non-resident banks was treated as allowable where the tax on the interest had been recovered by the Department, because section 40(a)(i) was read as permitting allowance where tax was either paid or deducted, not only where deduction was made under Chapter XVII-B. Extra depreciation under section 43A required proof that an asset was acquired from outside India, that part of the cost remained outstanding when exchange rates changed, and that the liability increased in Indian currency; absent those factual particulars, the matter had to be verified and recomputed on evidence. en-us Thu, 30 Oct 1975 00:00:00 +0530 Sat, 12 Mar 2011 11:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67650 Interest paid to non-resident banks was treated as allowable where the tax on the interest had been recovered by the Department, because section 40(a)(i) was read as permitting allowance where tax was either paid or deducted, not only where deduction was made under Chapter XVII-B. Extra depreciation under section 43A required proof that an asset was acquired from outside India, that part of the cost remained outstanding when exchange rates changed, and that the liability increased in Indian currency; absent those factual particulars, the matter had to be verified and recomputed on evidence. Case-Laws Income Tax Thu, 30 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67650