https://www.taxtmi.com/caselaws?id=65382 The Tribunal allowed the appeal, directing the AO to include interest income from the EEFC account and profits from foreign exchange fluctuations in the business income for computing the deduction under section 80HHD. Additionally, the AO was instructed to recalculate interest under sections 234B and 234C, considering tax credits under section 115JB. The Tribunal upheld the validity of the CIT(A) and AO's orders, affirming their jurisdiction and procedural propriety. The decision ensures that the assessee receives the correct deduction and interest calculations, aligning with statutory provisions and previous rulings. en-us Fri, 25 Aug 2006 00:00:00 +0530 Mon, 11 Mar 2024 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65382 The Tribunal allowed the appeal, directing the AO to include interest income from the EEFC account and profits from foreign exchange fluctuations in the business income for computing the deduction under section 80HHD. Additionally, the AO was instructed to recalculate interest under sections 234B and 234C, considering tax credits under section 115JB. The Tribunal upheld the validity of the CIT(A) and AO's orders, affirming their jurisdiction and procedural propriety. The decision ensures that the assessee receives the correct deduction and interest calculations, aligning with statutory provisions and previous rulings. Case-Laws Income Tax Fri, 25 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65382