142 results for “capital gains”+ Section 139clear
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In the result, the appeal of the Revenue is allowed and the appeal of the
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
139/-: This amount represents the loss on restatement of the loan utilized to purchase the assets situated at the Taloja factory. We have been consistently following the accounting policy of charging the loss or gain on I.T.A. Nos. 714/Coch/2008 & 1286/Coch/2005 account of the restatement of the foreign currency loans, to the fixed .assets that have been purchased with the loan