https://www.taxtmi.com/highlights?id=56136 Disallowance of depreciation - enhanced cost on account of exchange fluctuation - wherever there was an exchange gain to the assessee, the same was reduced from the WDV and claim was made accordingly, therefore, assessee is following the AS-11 consistently and as such the same should not have been disputed by the authorities below. The Ld. D.R. has not pointed-out any infirmity in the Order of the Ld. CIT(A) in allowing the depreciation to the assessee as per Law. - AT en-us Thu, 31 Dec 2020 14:11:06 +0530 Thu, 31 Dec 2020 14:11:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56136 Disallowance of depreciation - enhanced cost on account of exchange fluctuation - wherever there was an exchange gain to the assessee, the same was reduced from the WDV and claim was made accordingly, therefore, assessee is following the AS-11 consistently and as such the same should not have been disputed by the authorities below. The Ld. D.R. has not pointed-out any infirmity in the Order of the Ld. CIT(A) in allowing the depreciation to the assessee as per Law. - AT Highlights Income Tax Thu, 31 Dec 2020 14:11:06 +0530 https://www.taxtmi.com/highlights?id=56136