https://www.taxtmi.com/highlights?id=55894 Disallowance of Forex loss pertaining to reinstatement of outstanding balance of External Commercial Borrowing (ECB) loan - the necessary adjustments should be made to the actual cost of assets on account of loss consequent to foreign currency fluctuation rate as there is no dispute that ECB loans are utilized for the purpose of acquisition of asset in India. - AT en-us Tue, 15 Dec 2020 15:16:13 +0530 Tue, 15 Dec 2020 15:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55894 Disallowance of Forex loss pertaining to reinstatement of outstanding balance of External Commercial Borrowing (ECB) loan - the necessary adjustments should be made to the actual cost of assets on account of loss consequent to foreign currency fluctuation rate as there is no dispute that ECB loans are utilized for the purpose of acquisition of asset in India. - AT Highlights Income Tax Tue, 15 Dec 2020 15:16:13 +0530 https://www.taxtmi.com/highlights?id=55894