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2008 (10) TMI 11 - SC - Income TaxEffect of fluctuation of foreign exchange rate resulting in increase of cost of plant & machinery - assessee claimed increased amount as deduction as investment allowance - AO disallowed the claim on the ground that plant & machinery were installed in the earlier years - no arguments advanced and no factual details were furnished regarding the fluctuation by assessee - Section 43A substituted w.e.f. 1.4.03 - matter remitted to the Tribunal to consider the issue in the background of Sec. 43A(1)
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