https://www.taxtmi.com/caselaws?id=78290 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal regarding the addition under sections 92 and 40A(2) of the Income-tax Act, treating it as a factual finding with no question of law. The entire amount of capital expenditure was considered as capital expenditure, as upheld by the Tribunal in line with the judgment in Southern Switch Gear Ltd. v. CIT. The treatment of the loss on account of foreign exchange rate fluctuation was confirmed based on a previous decision, resulting in the dismissal of the appeal for lack of substantial questions of law. en-us Thu, 05 Nov 2009 00:00:00 +0530 Sun, 06 Feb 2011 02:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78290 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal regarding the addition under sections 92 and 40A(2) of the Income-tax Act, treating it as a factual finding with no question of law. The entire amount of capital expenditure was considered as capital expenditure, as upheld by the Tribunal in line with the judgment in Southern Switch Gear Ltd. v. CIT. The treatment of the loss on account of foreign exchange rate fluctuation was confirmed based on a previous decision, resulting in the dismissal of the appeal for lack of substantial questions of law. Case-Laws Income Tax Thu, 05 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78290