Hedging Premium on Forex Loans for Business is Capital Loss, Capitalized u/s 43A for Asset Acquisition.

Premium for hedging foreign exchange fluctuations on loans taken for the purpose of appellant's business - whether a capital loss by treating it as capital expenditure u/s 43A - exchange difference is required to be capitalized because liability has been incurred by the assessee for the purpose of acquiring fixed asset namely plant and machinery. - HC .....

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