Expenditure incurred in Indian currency deemed to have been incurred in foreign exchange

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Full Text of the Document

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....t made in Indian currency, obtained by conversion of foreign exchange into Indian currency, shall be deemed to have been incurred or, as the case may be, made in foreign exchange in the cases and in the circum­stances mentioned below :— (i)  where the payment in respect of any expenditure in­curred in a hotel has been made out of Indian currency obtained by conversion of foreign ....