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2011 (11) TMI 467 - HC - Income TaxInvestment allowance on enhanced liability representing the increase in actual cost under Section 43A on account of fluctuations in foreign currency rates – A.Y. 1989-90 - Held that:- Enhanced liability representing the increase in the actual cost on account of fluctuations in the foreign exchange rates on the last date of the accounting year can be taken into consideration for the purpose of Section 43A for the assessment years prior to the assessment year 2003-04 for computing investment allowance. - Decided in favor of assessee.
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