The effect of fluctuation of foreign exchange rate resulting in increase of cost of plant and machinery

November, 17th 2008 IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. OF 2008 (Arising out of SLP (Civil) No.12699 of 2007) Commissioner of Income Tax, Rajkot Versus M/s Gujarat Siddhi Cement Ltd. CORAM: JUSTICE Dr. ARIJIT PASAYAT & JUSTICE Dr. MUKUNDAKAM SHARMA Date of Judgment: 17th October, 2008 J U D G M E N T Dr. ARIJIT PASAYAT J. 1. Leave granted. 2. Challenge in this appeal is to the judgment of a Division Bench of the Gujarat High Court dismissing the appeal filed by the present appellant. The appeal was filed under Section 260A of the Inc...