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2002 (11) TMI 30 - HC - Income TaxInvestment allowance - "Whether, on the facts and in the circumstances of the case, the assessee was entitled to investment allowance in respect of the liability arising out of the fluctuation in exchange rates relatable to the repayment of the principal amount borrowed for purchase of capital equipment ?" - judgment delivered by this court in the case of CIT v. Gujarat State Fertilizers Co. Ltd. Followed - we answer the question in the affirmative, that is, in favour of the assessee and against the Revenue.
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