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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Whether additional liability on actual cost of asset in respect ...


Foreign Exchange Rate Fluctuations: Deductibility of Additional Liability under Income Tax Act Section 43A Examined.

December 26, 2013

Case Laws     Income Tax     HC

Whether additional liability on actual cost of asset in respect of fluctuations in foreign exchange rate be deductible u/s 43A - Amendment to Section 43A by Finance Act, 2002 w.e.f 1.4.2003 was amendatory and not clarificatory - HC

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