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![Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/additional-depreciation-capitalized-portion-forex-loss-plant-machinery-ITAT-dismisses-appeal-Daeseung-Autoparts-Taxscan.jpg "Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]")
Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of V Dura Rao, Judicial Member and G Manjunatha, Accountant Member dismissed the...
![Forex Loss, being ‘Capital’ in nature cannot be Set Off against the any Income under the IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Forex Loss, being ‘Capital’ in nature cannot be Set Off against the any Income under the IT Act: ITAT [Read Order]")