Foreign Exchange Gain from Japanese Plant Acquisition Deemed Capital Asset Transaction by Tribunal.

Foreign Exchange Gain from Japanese Plant Acquisition Deemed Capital Asset Transaction by Tribunal. https://www.taxtmi.com/highlights?id=31415 Since the transaction was relatable to acquisition of capital asset, namely, plant and machinery by way of import from Japan, this Tribunal is of the considered opinion that the gain due to foreign exchange fluctuation would definitely be on the capital field. - AT en-us Tue, 27 Sep 2016 12:01:35 +0530 Tue, 27 Sep 2016 12:01:35 +0530 TaxTMI RSS Generator Foreign Exchange Gain from Japanese Plant Acquisition Deemed Capital Asset Transaction by Tribunal. https://www.taxtmi.com/highlights?id=31415 Since the transaction was relatable to acquisition of capital asset, namely, plant and machinery by way of import from Japan, this Tribunal is of the considered opinion that the gain due to foreign exchange fluctuation would definitely be on the capital field. - AT Highlights Income Tax Tue, 27 Sep 2016 12:01:35 +0530 https://www.taxtmi.com/highlights?id=31415