DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. HSBC ELECTRONIC DATA PROCESSING INDIA PRIVATE LIMITED, , HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

capital expenditure in accordance with our observation made as above after providing an opportunity of being heard to the assessee. Accordingly, we allow this ground of the assessee for statistical purpose. 9.5 Hence the Ground No.5 of the assessee is allowed for statistical purpose. 10. Ground No.6 of the assessee relates to excluding the gross amount of foreign exchange gain