Forex loss on loan availed under automatic RBI's route couldn't be added while computing book profit

INCOME TAX : Where assessee had taken a piece of land from State Government for relief and rehabilitation of evacuees, in view of fact that assessee's policy decision regarding project, use of land for rehabilitating evacuees and amortization had been approved by auditors of company and by Comptroller and Auditor General, Tribunal was justified in allowing assessee's claim for depreciation in respect of said land

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