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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Foreign exchange loss on account of restatement of CDC loan - ...


Foreign Exchange Loss Classification: Actual vs. Notional under Supreme Court's CIT v. Woodward Governor Guideline.

February 11, 2013

Case Laws     Income Tax     HC

Foreign exchange loss on account of restatement of CDC loan - whether be treated as a revenue loss? - actual arisen v/s notional - AO to decide in view of Apex Court decision in CIT v. Woodward Governor India (P.) Ltd [2009 (4) TMI 4 - SUPREME COURT] - HC

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