Capitalising impact of foreign exchange fluctuation.

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.... assessee as expressed in Indian currency, due to change in rate of exchange, in relation to an asset acquired for the purpose of business or profession from a country outside India, it shall be dealt with in the manner specified in sub-sections (2) and (3). (2) For this section, the liability shall exclude any part met directly or indirectly by any other person or authority and the "variation ....

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....cost of acquisition of a capital asset (not being a capital asset referred to in section 74) for the purpose of section 72, and the amount arrived at after such addition or deduction shall be taken to be the actual cost of the asset or the amount of expenditure of a capital nature or, as the case may be, the cost of acquisition of the capital asset. (4) Where the assessee has entered into a ....