https://www.taxtmi.com/caselaws?id=194473 The Tribunal confirmed the addition of royalty and interest due to exchange fluctuation, ruling that the exchange rate difference did not have the same character as royalty income under the Double Taxation Agreement with Malaysia. The Tribunal also interpreted the Agreement to apply to income from Malaysia only at the accrual stage. Disallowance of depreciation for assets of an amalgamated company was upheld, including assets not allowed under relevant sections, and the benefit of unabsorbed depreciation was denied despite compliance with applicable provisions. en-us Mon, 18 Jun 2007 00:00:00 +0530 Sat, 09 Sep 2017 10:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194473 The Tribunal confirmed the addition of royalty and interest due to exchange fluctuation, ruling that the exchange rate difference did not have the same character as royalty income under the Double Taxation Agreement with Malaysia. The Tribunal also interpreted the Agreement to apply to income from Malaysia only at the accrual stage. Disallowance of depreciation for assets of an amalgamated company was upheld, including assets not allowed under relevant sections, and the benefit of unabsorbed depreciation was denied despite compliance with applicable provisions. Case-Laws Income Tax Mon, 18 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194473