https://www.taxtmi.com/caselaws?id=24935 The court ruled in favor of the Revenue regarding the deduction of expenses incurred due to higher foreign exchange rates and allowance of exchange difference for dollar loans as revenue expenditure. However, the court favored the assessee on issues related to higher rates of depreciation and development rebate for certain assets, treatment of miscellaneous expenses as capital, allowance of pre-commissioning expenses, depreciation and development rebate on expenses per technical services agreement, and consideration of certain expenditures for depreciation and development rebate under section 43A of the Income-tax Act, 1961. Each party was directed to bear their respective costs. en-us Wed, 21 Jan 1987 00:00:00 +0530 Sat, 23 Jan 2010 12:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24935 The court ruled in favor of the Revenue regarding the deduction of expenses incurred due to higher foreign exchange rates and allowance of exchange difference for dollar loans as revenue expenditure. However, the court favored the assessee on issues related to higher rates of depreciation and development rebate for certain assets, treatment of miscellaneous expenses as capital, allowance of pre-commissioning expenses, depreciation and development rebate on expenses per technical services agreement, and consideration of certain expenditures for depreciation and development rebate under section 43A of the Income-tax Act, 1961. Each party was directed to bear their respective costs. Case-Laws Income Tax Wed, 21 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24935