https://www.taxtmi.com/caselaws?id=5389 The Supreme Court upheld the High Court's decision, ruling that the cost of plant and machinery purchased after the devaluation of Indian currency should be calculated in Indian currency equivalent to the sterling amounts paid on the purchase dates. The appeals were dismissed without costs awarded. en-us Fri, 16 Oct 1992 00:00:00 +0530 Fri, 31 Aug 2018 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5389 The Supreme Court upheld the High Court's decision, ruling that the cost of plant and machinery purchased after the devaluation of Indian currency should be calculated in Indian currency equivalent to the sterling amounts paid on the purchase dates. The appeals were dismissed without costs awarded. Case-Laws Income Tax Fri, 16 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5389