https://www.taxtmi.com/caselaws?id=188158 Revision under section 263 is available where an assessment order is both erroneous and prejudicial to the Revenue, and failure to apply section 43A while treating exchange variation as revenue expenditure brings the assessment within that jurisdiction. For section 43A, foreign exchange fluctuation attributable to a capital asset is to be added to the actual cost of the plant and machinery, so depreciation is computed on the enhanced cost, not confined to instalments falling due during the year. en-us Wed, 03 Jul 2002 00:00:00 +0530 Sat, 19 Nov 2016 16:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188158 Revision under section 263 is available where an assessment order is both erroneous and prejudicial to the Revenue, and failure to apply section 43A while treating exchange variation as revenue expenditure brings the assessment within that jurisdiction. For section 43A, foreign exchange fluctuation attributable to a capital asset is to be added to the actual cost of the plant and machinery, so depreciation is computed on the enhanced cost, not confined to instalments falling due during the year. Case-Laws Income Tax Wed, 03 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188158