Madras High Court disallows Interest and Additional Expenditure incurred on account of Exchange Fluctuation [Read Judgment]

The Madras High Court while upholding the order of the tribunal disallowed interest and additional expenditure incurred on account of exchange fluctuation. The assessee, M/s.Continuum Wind Energe (India) Pvt. Ltd. is a company engaged in generation of wind energy. For the assessment year under consideration, the assessee filed a return of income admitting loss. Subsequently, […]

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