Description

Owing to a steep depreciation in the value of Indian Rupee against the US Dollar, the Government of India, under Section 211 of Companies Act, 1956, issued a notification giving an option to assessees, to either take the entire amount of loss due to exchange rate movement, to the profit and loss account; or to defer the impact of such loss by capitalizing such losses with the cost of the assets so acquired. The Respondent-Assessee, therefore, was of the view that it was for the Respondent-Assessee to decide how it would choose to absorb the impact arising out of exchange rate differences.

Leaderboard
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#1
Erin Gonzales

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250/300
#2
Erin Gonzales

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220/300
#3
Erin Gonzales

+91 95134 XXXXX

200/300
#4
Erin Gonzales

+91 95134 XXXXX

150/300
#5
Erin Gonzales

+91 95134 XXXXX

230/300
#6
Erin Gonzales

+91 95134 XXXXX

270/300
#7
Erin Gonzales

+91 95134 XXXXX

270/300
#8
Erin Gonzales

+91 95134 XXXXX

270/300
#9
Erin Gonzales

+91 95134 XXXXX

270/300
#10
Erin Gonzales

+91 95134 XXXXX

270/300
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