https://www.taxtmi.com/caselaws?id=76215 The High Court ruled in favor of the appellant, allowing the appeal and granting liberty to establish the factual position regarding exchange rate fluctuations for investment allowance. The court directed authorities to verify the actual rate at the time and consider currency exchange rate fluctuations for calculating depreciation, emphasizing compliance with section 43A of the Income-tax Act. en-us Fri, 16 Jan 2009 00:00:00 +0530 Fri, 31 Dec 2010 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76215 The High Court ruled in favor of the appellant, allowing the appeal and granting liberty to establish the factual position regarding exchange rate fluctuations for investment allowance. The court directed authorities to verify the actual rate at the time and consider currency exchange rate fluctuations for calculating depreciation, emphasizing compliance with section 43A of the Income-tax Act. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76215