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

Misinterpretation of Section 43A: Depreciation Disallowed on Capitalized Foreign Exchange Loss for Model Fees Payment.

April 17, 2015

Case Laws Income Tax AT

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 ...

Misinterpretation of Section 43A: Depreciation Disallowed on Capitalized Foreign Exchange Loss for Model Fees Payment.

April 17, 2015

Case Laws Income Tax AT

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