COMMISSIONER OF INCOME-TAX versus RENUSAGAR POWER CO. LTD.
Capital expenditures due to fluctuations in the exchange rate Cost of capital assets paid for by payment while raising capital expenditures Is the purchase of machinery from foreign sellers on deferred payment of foreign currency in installments. I keep the cost of plants and machinery in the books of Assisi. The terms of the rupee are prevalent at the exchange rate when the machinery buys additional liabilities for the purchase of the dollar, which has become expensive in terms of the rupee due to exchange rate fluctuations. Section 37
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