Claim of expenditure towards premium paid on forward covers of ...

Foreign Exchange Premium Amortization Allowed, Not Applicable u/s 43A for Domestic Asset Loans.

September 7, 2022

Case Laws Income Tax AT

Claim of expenditure towards premium paid on forward covers of foreign exchange rates - Section 43A is not applicable to the facts of the present case since it is not the case of the Revenue that the foreign exchange loan has been taken for purchasing any asset outside the country. - assessee is entitled to claim the amortization of premium paid on foreign exchange contracts - AT

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Claim of expenditure towards premium paid on forward covers of ...

Foreign Exchange Premium Amortization Allowed, Not Applicable u/s 43A for Domestic Asset Loans.

September 7, 2022

Case Laws Income Tax AT

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