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![Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]")
Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]
A division bench of the Allahabad High Court, in CIT v. Jayaprakash Industries Pvt Ltd, held that the difference on foreign currency translation which...
