Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1993 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (9) TMI 17 - HC - Income TaxExtract: .......fluctuations in the rate of exchange of dollars purchased by it to avoid future loss due to exchange fluctuations. In view of the above discussion, we answer the question referred to us in the affirmative, i.e., in favour of the Revenue and against the assessee. Having regard to the facts and circumstances of the case, we make no order as to costs.
|