https://www.taxtmi.com/highlights?id=66898 Depreciation on foreign exchange fluctuation loss - foreign currency term loan availed for purchase of windmill - since the assessee has capitalized and claimed depreciation in spread over years and assessments have become final and in this year, the assessee has made claim of depreciation @ 80% on the loan on account of foreign exchange fluctuation loss relating to foreign currency term loan, which was availed for the purchase of this windmill and capitalized, hence we are of the view that the assessee is entitled for claim of depreciation and we allow the same. - AT en-us Sat, 03 Dec 2022 07:00:05 +0530 Sat, 03 Dec 2022 07:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66898 Depreciation on foreign exchange fluctuation loss - foreign currency term loan availed for purchase of windmill - since the assessee has capitalized and claimed depreciation in spread over years and assessments have become final and in this year, the assessee has made claim of depreciation @ 80% on the loan on account of foreign exchange fluctuation loss relating to foreign currency term loan, which was availed for the purchase of this windmill and capitalized, hence we are of the view that the assessee is entitled for claim of depreciation and we allow the same. - AT Highlights Income Tax Sat, 03 Dec 2022 07:00:05 +0530 https://www.taxtmi.com/highlights?id=66898