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1991 (11) TMI 10 - HC - Income TaxExtract: .......ccount of fluctuation in foreign exchange rate which was capitalised? This question, it is agreed, is covered by the judgment of this court in the assessee s own case, Hindustan Machine Tools Ltd. (No. 3) v. CIT 1989 175 ITR 220, and, following that judgment, it has to be answered in the affirmative and in favour of the assessee. It is so answered.
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