Section 43A Vs. Foreign exchange fluctuations on loan taken to buy capital assets in India Recently in PR. COMMISSIONER OF INCOME TAX-15, MUMBAI V. GALAXY SURFACTANTS LTD. (ITA 1430 OF 2018), it has been held by Bombay HC that Section 43A is applicable only to foreign exchange fluctuations on loans taken to import capital…
The post Section 43A Vs. Foreign exchange fluctuations on loan taken to buy capital assets in India appeared first on The Tax Talk.
