https://www.taxtmi.com/caselaws?id=63379 The Tribunal concluded that the surplus arising from exchange rate fluctuations was a trading profit, held on revenue account, making it a taxable revenue receipt. The Commissioner (Appeals) decision was upheld, classifying the surplus as taxable revenue. The appeal by the assessee was partly allowed, confirming the taxability of the surplus as a revenue receipt. en-us Thu, 20 Sep 1984 00:00:00 +0530 Sat, 29 Jan 2011 16:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63379 The Tribunal concluded that the surplus arising from exchange rate fluctuations was a trading profit, held on revenue account, making it a taxable revenue receipt. The Commissioner (Appeals) decision was upheld, classifying the surplus as taxable revenue. The appeal by the assessee was partly allowed, confirming the taxability of the surplus as a revenue receipt. Case-Laws Income Tax Thu, 20 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63379