https://www.taxtmi.com/highlights?id=56184 Disallowance of foreign exchange fluctuation under the head finance cost - in absence of applicability of section 43A of the Act, loss claimed by the assessee on account of exchange fluctuation loss on ECB loan availed for acquisition of indigenous assets revenue in nature deductible u/s.37(1) of the Act cannot be considered as capital in nature and added back to the cost of assets. - AT en-us Mon, 04 Jan 2021 12:37:23 +0530 Mon, 04 Jan 2021 12:37:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56184 Disallowance of foreign exchange fluctuation under the head finance cost - in absence of applicability of section 43A of the Act, loss claimed by the assessee on account of exchange fluctuation loss on ECB loan availed for acquisition of indigenous assets revenue in nature deductible u/s.37(1) of the Act cannot be considered as capital in nature and added back to the cost of assets. - AT Highlights Income Tax Mon, 04 Jan 2021 12:37:23 +0530 https://www.taxtmi.com/highlights?id=56184