Premium paid by the assessee to secure the fluctuation in the ...

Case Laws     Income Tax

February 25, 2021

Premium paid by the assessee to secure the fluctuation in the foreign currency - once the provisions of section 43A of the Act are not applicable on the deduction claimed by the assessee in the given facts and circumstances, there cannot be any disallowance by invoking the provisions of section 43A. - such expenses incurred by the assessee in the course of business are allowable as deduction u/s 37(1) - AT

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