Madras H.C : Whether, on the facts and circumstances of the case, the Tribunal was right in disallowing the claim relating to the variation in exchange rate in respect of the liability due to the foreign suppliers taking a view that it is applicable only to the bankers and persons carrying on moneylending business ?
High Court Of Madras South India Surgical Co. Ltd. vs. Assistant Commissioner Of Income Tax Section 36(1)(vii) Asst. Year 1996-97 […]