https://www.taxtmi.com/highlights?id=53897 Revision u/s 263 - the Ld Pr. CIT has correctly explained that the provisions of sec. 43A shall apply only to those fluctuations in foreign currency which arises at the time of making repayment of loan, i.e., it does not apply to marked to market loss arising on account of restatement of loan at the year end. en-us Thu, 02 Jul 2020 08:30:38 +0530 Thu, 02 Jul 2020 08:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53897 Revision u/s 263 - the Ld Pr. CIT has correctly explained that the provisions of sec. 43A shall apply only to those fluctuations in foreign currency which arises at the time of making repayment of loan, i.e., it does not apply to marked to market loss arising on account of restatement of loan at the year end. Highlights Income Tax Thu, 02 Jul 2020 08:30:38 +0530 https://www.taxtmi.com/highlights?id=53897