CIT vs Gujarat State Fertilizers Co. Ltd.
Investment allowance - Actual cost- fluctuation in exchange rate - The assessee had entered in to an agreement for the purchase of plant and machinery in foreign currency on a deferred credit basis. However there was ... [LexDoc Id : 205368]
Ennore Foundries Ltd. vs CIT
Investment allowance - Actual cost - As there had been a increase in the cost of the asset due to the fluctuation in the rate of foreign exchange, the assessee was entitled to an investme... [LexDoc Id : 205268]