https://www.taxtmi.com/caselaws?id=117591 The Tribunal allowed both grounds of appeal, directing the AO to recompute deductions under section 80HHC. For the first issue, the Tribunal ruled that profits from the cancellation of forward contracts are integral to the export business and should not be excluded. For the second issue, the Tribunal instructed the AO to exclude only the net interest amount on fixed deposits. en-us Thu, 31 Mar 2005 00:00:00 +0530 Sat, 18 May 2024 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117591 The Tribunal allowed both grounds of appeal, directing the AO to recompute deductions under section 80HHC. For the first issue, the Tribunal ruled that profits from the cancellation of forward contracts are integral to the export business and should not be excluded. For the second issue, the Tribunal instructed the AO to exclude only the net interest amount on fixed deposits. Case-Laws Income Tax Thu, 31 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117591