https://www.taxtmi.com/caselaws?id=179680 The appeal was dismissed regarding the disallowed depreciation due to foreign exchange fluctuation, product development expenditure, advertisement and brand promotion expenses. The provision of warranty issue was sent back for reassessment. The loss on foreign exchange forward contract was treated as a capital loss and the appeal partly allowed for statistical purposes. en-us Thu, 31 Jan 2008 00:00:00 +0530 Tue, 08 Mar 2016 10:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179680 The appeal was dismissed regarding the disallowed depreciation due to foreign exchange fluctuation, product development expenditure, advertisement and brand promotion expenses. The provision of warranty issue was sent back for reassessment. The loss on foreign exchange forward contract was treated as a capital loss and the appeal partly allowed for statistical purposes. Case-Laws Income Tax Thu, 31 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179680