TMI BlogClaim of foreign exchange fluctuation loss - ECB was availed for the purpose of expansion of three...Claim of foreign exchange fluctuation loss - ECB was availed for the purpose of expansion of three existing industrial units, hence, not on capital account and further taking note of Accounting Standard/11 r/w Accounting Standard/16, ultimately concluded that assessee’s claim of loss is allowable. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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