https://www.taxtmi.com/highlights?id=48610 Allowability of difference of conversion of FCNR loan into rupee loan - the original term loan availed by assessee has not changed and remain same and there is no impact on the value of fixed assets since it is acquired in Indian currency - the assessee has absorbed the exchange difference, it definitely falls falls within the ambit of section 37 - deduction allowable en-us Tue, 13 Aug 2019 13:53:09 +0530 Tue, 13 Aug 2019 13:53:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48610 Allowability of difference of conversion of FCNR loan into rupee loan - the original term loan availed by assessee has not changed and remain same and there is no impact on the value of fixed assets since it is acquired in Indian currency - the assessee has absorbed the exchange difference, it definitely falls falls within the ambit of section 37 - deduction allowable Highlights Income Tax Tue, 13 Aug 2019 13:53:09 +0530 https://www.taxtmi.com/highlights?id=48610