Disallowance of depreciation on Foreign exchange (forex) loss on ...

Income Tax

April 17, 2015

Disallowance of depreciation on Foreign exchange (forex) loss on the payment of model fees, which was capitalized - not considering the adjusted cost as the cost of acquisition of capital asset for allowing depreciation, results into distortion of the provisions of section 43A, which is impermissible - AT

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Disallowance of depreciation on Foreign exchange (forex) loss on ...

Income Tax

April 17, 2015

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