https://www.taxtmi.com/caselaws?id=18576 The court held that the fluctuation in the exchange rate paid by the assessee to ICICI constituted capital expenditure and should be treated as part of the cost of the capital assets imported. The court found that section 43A of the Income-tax Act applied to the case, contrary to the Tribunal's decision. Consequently, the court ruled in favor of the Revenue, overturning the Tribunal's decision and fixing the counsel's fee at Rs. 1,000. en-us Fri, 17 Feb 1995 00:00:00 +0530 Thu, 01 Oct 2009 16:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18576 The court held that the fluctuation in the exchange rate paid by the assessee to ICICI constituted capital expenditure and should be treated as part of the cost of the capital assets imported. The court found that section 43A of the Income-tax Act applied to the case, contrary to the Tribunal's decision. Consequently, the court ruled in favor of the Revenue, overturning the Tribunal's decision and fixing the counsel's fee at Rs. 1,000. Case-Laws Income Tax Fri, 17 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18576