https://www.taxtmi.com/caselaws?id=379621 The appeal was dismissed by the High Court as no substantial question of law was identified in the case. The first issue revolved around the consideration of capital expenditure under Section 35D of the Income Tax Act, with the Tribunal remanding the matter for further assessment due to lack of a conclusive finding. The second issue involved the acceptance of fluctuation in currency rate for depreciation calculation, with the Tribunal's indecisiveness leading to an open remand and eventual dismissal of the appeal. en-us Wed, 13 Mar 2019 00:00:00 +0530 Sat, 04 May 2019 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379621 The appeal was dismissed by the High Court as no substantial question of law was identified in the case. The first issue revolved around the consideration of capital expenditure under Section 35D of the Income Tax Act, with the Tribunal remanding the matter for further assessment due to lack of a conclusive finding. The second issue involved the acceptance of fluctuation in currency rate for depreciation calculation, with the Tribunal's indecisiveness leading to an open remand and eventual dismissal of the appeal. Case-Laws Income Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379621