https://www.taxtmi.com/caselaws?id=408705 The Tribunal upheld the Principal Commissioner of Income Tax's order under section 263, confirming that the assessment order was erroneous and prejudicial to the interest of the revenue. The appeal by the assessee was dismissed, and the expenditure of Rs. 15,34,118/- on account of exchange rate difference was deemed to be capital expenditure. en-us Mon, 07 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 10:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408705 The Tribunal upheld the Principal Commissioner of Income Tax's order under section 263, confirming that the assessment order was erroneous and prejudicial to the interest of the revenue. The appeal by the assessee was dismissed, and the expenditure of Rs. 15,34,118/- on account of exchange rate difference was deemed to be capital expenditure. Case-Laws Income Tax Mon, 07 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408705