https://www.taxtmi.com/caselaws?id=65253 ITAT DELHI-E held that the CIT's invocation of s.263 was erroneous and prejudicial to Revenue because the issue of including foreign exchange fluctuation in export turnover for deduction u/s 80HHC was already considered and decided by the CIT(A), thereby merging the AO's order with the appellate order and ousting revision. The tribunal found exchange rate gains/losses are part of export turnover (additional sales price) and cannot be read into "any other receipts" under the ejusdem generis rule; consequently the CIT's attempt to treat such receipts as subject to 90% exclusion (brokerage/commission type) was unjustified. en-us Mon, 05 Nov 2001 00:00:00 +0530 Thu, 02 Oct 2025 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65253 ITAT DELHI-E held that the CIT's invocation of s.263 was erroneous and prejudicial to Revenue because the issue of including foreign exchange fluctuation in export turnover for deduction u/s 80HHC was already considered and decided by the CIT(A), thereby merging the AO's order with the appellate order and ousting revision. The tribunal found exchange rate gains/losses are part of export turnover (additional sales price) and cannot be read into "any other receipts" under the ejusdem generis rule; consequently the CIT's attempt to treat such receipts as subject to 90% exclusion (brokerage/commission type) was unjustified. Case-Laws Income Tax Mon, 05 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65253