Allowance of exchange fluctuation loss on ECB loan availed by the assessee for the acquisition of indigenous assets by CIT(A)
Last updated: 06 January 2021
Court :
ITAT Chennai
Brief :
These two appeals filed by the Revenue are directed against common order of the learned CIT(Appeals)-5, Chennai dated31.10.2019 and pertain to assessment years 2012-13 and 2013-14.Since, the facts are identical and issues are common, for the sake of convenience, they were heard together and disposed of by way of this consolidated order.
Citation :
ITA 35/CHNY/2020
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Published in Income Tax
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