https://www.taxtmi.com/caselaws?id=434251 The Court ruled in favor of the appellant in appeals under section 260A of the Income Tax Act. It held that the increase or reduction in liability due to foreign exchange fluctuation should be accounted for in the year of fluctuation for the purpose of investment allowance. The Court considered the provisions of section 32A and 43A, as well as relevant judgments, in disposing of the appeals in favor of the appellant. en-us Fri, 20 Jan 2023 00:00:00 +0530 Mon, 20 Feb 2023 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434251 The Court ruled in favor of the appellant in appeals under section 260A of the Income Tax Act. It held that the increase or reduction in liability due to foreign exchange fluctuation should be accounted for in the year of fluctuation for the purpose of investment allowance. The Court considered the provisions of section 32A and 43A, as well as relevant judgments, in disposing of the appeals in favor of the appellant. Case-Laws Income Tax Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434251