https://www.taxtmi.com/caselaws?id=35390 SC held that roll-over charges arise from adverse foreign-exchange fluctuations and represent changes in liability; such charges relating to liabilities for acquiring fixed assets must be capitalized to the asset and can be reflected in its depreciable cost. The Court rejected the assessee's contention that Section 43A excluded these charges and found no merit in treating them as merely interest deductible under Section 36(1)(iii). Because the Tribunal had adjusted asset cost and allowed corresponding depreciation, no further directions were necessary, and the SC refused to remit or waive interest and penalty. en-us Fri, 26 Feb 2010 00:00:00 +0530 Mon, 17 Nov 2025 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35390 SC held that roll-over charges arise from adverse foreign-exchange fluctuations and represent changes in liability; such charges relating to liabilities for acquiring fixed assets must be capitalized to the asset and can be reflected in its depreciable cost. The Court rejected the assessee's contention that Section 43A excluded these charges and found no merit in treating them as merely interest deductible under Section 36(1)(iii). Because the Tribunal had adjusted asset cost and allowed corresponding depreciation, no further directions were necessary, and the SC refused to remit or waive interest and penalty. Case-Laws Income Tax Fri, 26 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35390