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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Taxation of foreign exchange fluctuation: gains or losses treated as income or loss, computed under income computation and disclosure standards.</h1> Any gain or loss arising from changes in foreign exchange rates shall be treated as income or loss, subject to section 43A, and computed in accordance with the income computation and disclosure standards notified under section 145(2). This treatment applies to all foreign currency transactions, including monetary and non monetary items, translation of financial statements of foreign operations, forward exchange contracts, and foreign currency translation reserves, and is given retrospective effect to the beginning of the specified fiscal year.

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