Nature of expenditure - Treatment of foreign exchange loss - ...

Income Tax

November 1, 2022

Nature of expenditure - Treatment of foreign exchange loss - enhanced depreciation - both the AO and the assessee has taken stands to suit their convenience in each of the years. Be that as it may, we notice that this issue has been examined by the co-ordinate bench in AY 2011-12 and this issue has been restored back to the file of Ld CIT(A) as held that CIT(A) has not considered all aspect of the reasoning given by the Assessing Officer for making the addition - Matter restored back - AT

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Nature of expenditure - Treatment of foreign exchange loss - ...

Income Tax

November 1, 2022

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