https://www.taxtmi.com/caselaws?id=184934 Foreign currency fluctuation amounts claimed as depreciation required fresh examination because the appellate authority had rejected the claim on the ground that the cited Supreme Court precedent concerned development rebate, without considering its observations on depreciation allowance. The matter was remitted for reconsideration of the depreciation claim in light of the legal principles emerging from that decision and any other applicable authorities. The appellate authority must re-adjudicate the claim in accordance with law. en-us Thu, 24 May 2001 00:00:00 +0530 Mon, 25 Jul 2016 16:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184934 Foreign currency fluctuation amounts claimed as depreciation required fresh examination because the appellate authority had rejected the claim on the ground that the cited Supreme Court precedent concerned development rebate, without considering its observations on depreciation allowance. The matter was remitted for reconsideration of the depreciation claim in light of the legal principles emerging from that decision and any other applicable authorities. The appellate authority must re-adjudicate the claim in accordance with law. Case-Laws Income Tax Thu, 24 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184934