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Loss on foreign exchange fluctuation while repaying loan taken to import machinery is capital expenditure

ITAT Hyderabad held that loss on Foreign Exchange Fluctuation in respect of loan taken to import machinery is to be added to the cost of the asset and not allowed as revenue expenditure.

The post Loss on foreign Exchange Fluctuation while repaying loan taken to import machinery is capital expenditure appeared first on TaxGuru.



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Loss on foreign exchange fluctuation while repaying loan taken to import machinery is capital expenditure

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