https://www.taxtmi.com/caselaws?id=77865 The court held that the increased liability due to foreign exchange fluctuation should be treated in the revenue account, aligning with past assessments where similar gains were considered business income. The Income-tax Appellate Tribunal dismissed the appeal, emphasizing the consistent treatment of such fluctuations in financial accounts. en-us Wed, 10 Dec 2008 00:00:00 +0530 Tue, 13 Sep 2011 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77865 The court held that the increased liability due to foreign exchange fluctuation should be treated in the revenue account, aligning with past assessments where similar gains were considered business income. The Income-tax Appellate Tribunal dismissed the appeal, emphasizing the consistent treatment of such fluctuations in financial accounts. Case-Laws Income Tax Wed, 10 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77865