Kerala H.C : to assessee’s claim for deduction of exchange rate fluctuation on the outstanding loan which is stated to be $ 25 lakhs

High Court Of Kerala CIT, Cochin vs. International Creative Foods (P.) Ltd. Section : 43A C.N. Ramachandran Nair And K. Surendra Mohan, JJ. IT Appeal No. 1382 Of 2009 October 1, 2010 JUDGMENT C.N. Ramachandran Nair, J. – This is an appeal filed by the revenue under section 260A of the Income-tax Act against the…

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