2002 (11) TMI 30

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the fluctuation in exchange rates relatable to the repayment of the principal amount borrowed for purchase of capital equipment ?" - judgment delivered by this court in the case of CIT v. Gujarat State Fertilizers Co. Ltd. Followed - we answer the question in the affirmative, that is, in favour of the assessee and against the Revenue.
Judge(s) : A. R. DAVE., K. M. MEHTA. JUDGMENT The judg .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... has been duly served upon the official liquidator as the applicant-company has been ordered to be wound up by this court. Our attention has been drawn by learned counsel appearing for the respondent to a judgment delivered by this court in the case of CIT v. Gujarat State Fertilizers Co. Ltd. [2003] 259 ITR 526 [FB] being I. T. R. No. 178 of 1985, on October 19, 2002. It has been submitted by .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X