The presumption shall arise that loan is on capital field until ...

Foreign Currency Loan Losses Not Deductible: Section 37(1) Requires Assessee to Rebut Capital Field Presumption.

September 29, 2016

Case Laws Income Tax AT

The presumption shall arise that loan is on capital field until the same is rebutted by the assessee company and hence the said notional loss arising on restatement/revaluation of foreign currency loans due to adverse foreign exchange fluctuations cannot be allowed as deduction u/s 37(1) - AT

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The presumption shall arise that loan is on capital field until ...

Foreign Currency Loan Losses Not Deductible: Section 37(1) Requires Assessee to Rebut Capital Field Presumption.

September 29, 2016

Case Laws Income Tax AT

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