Tag Archives: Section 43A

Depreciation on capitalization of foreign gain/loss not allowed as it does not satisfy Section 43A

HIGH COURT OF CALCUTTA Commissioner of Income-tax, Kolkata-III v. ITC Ltd. GIRISH CHANDRA GUPTA AND ARINDAM SINHA, JJ. IT APPEAL NO. 426 OF 2006 MAY  7, 2015 R.N. Bandyopadhyay and A.G. Gutgutia, Advocates for the Appellant. J.P. Khaitan, Sr. Adv., Mrs. Nilanjan Pal (Banerjee) and A. Gupta, Advocates for the Respondent. JUDGMENT 1. The appeal… Read More »