ITAT Deletes Rs 2.42 Lakh Disallowance, Allows Depreciation on Capitalised Forex Loss Under Section 43A:
The ITAT allows depreciation claim on foreign exchange loss capitalised under Section 43A and deletes Rs 2.42 lakh disallowance.
ITAT Permits Depreciation on Foreign Exchange Loss Added to Asset Cost
Saloni Kumari
Jul 20, 2026
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ITAT Deletes Rs 2.42 Lakh Disallowance, Allows Depreciation on Capitalised Forex Loss Under Section 43A
The ITAT allows depreciation claim on foreign exchange loss capitalised under Section 43A and deletes Rs 2.42 lakh disallowance.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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Delhi, Delhi, India
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