THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S. APOLLO TYRES LTD
Appeal is allowed in part as indicated
ITA/44/2017HC Kerala22 Sept 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE VIJU ABRAHAM
For Appellant: M/S. APOLLO TYRES LTDFor Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
Section 143(3)Section 144CSection 144C(5)Section 35Section 43ASection 92C
151
5
Disallowance of claim of unrealized
foreign exchange fluctuation gain for
adjustment against cost of assets as per
section 43A on actual payment restricted to
:
4,72,34,591
6
Disallowance of claim of MTM loss on
forward contract as deduction
:
98,10,765
ITA No.44/2017
-5-
7
Disallowance of claim of prepaid
expenses as deduction
