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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Premium for hedging foreign exchange fluctuations on loans taken ...

Case Laws     Income Tax

October 10, 2020

Premium for hedging foreign exchange fluctuations on loans taken for the purpose of appellant's business - whether a capital loss by treating it as capital expenditure u/s 43A - exchange difference is required to be capitalized because liability has been incurred by the assessee for the purpose of acquiring fixed asset namely plant and machinery. - HC

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