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Forex Loss on Capital ECB Converted into Equity Is Capital Loss, Not Revenue Deduction: ITAT Chennai

15 Aug 2026 · 15 Aug 2026By CA Sandeep Kanoi

ITAT Chennai upholds Rs.18.23 lakh disallowance of forex loss on capital-purpose ECB converted into equity, following its earlier decision in assessee’s case. The post Forex Loss on Capital ECB Converted into Equity Is Capital Loss, Not Revenue Deduction: ITAT Chennai appeared first on TaxGuru .

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