https://www.taxtmi.com/caselaws?id=119956 The tribunal dismissed the claim for deduction under section 80HHC for exchange rate fluctuation proceeds, emphasizing that no further deduction was warranted in the current year as profits from export business were properly calculated in the previous assessment year. However, the tribunal remanded the issue of deletion of interest under sections 234B and 234C back to the Assessing Officer for detailed consideration based on a referenced case, treating it as allowed for statistical purposes. en-us Fri, 08 Sep 2006 00:00:00 +0530 Sat, 14 Jul 2012 13:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119956 The tribunal dismissed the claim for deduction under section 80HHC for exchange rate fluctuation proceeds, emphasizing that no further deduction was warranted in the current year as profits from export business were properly calculated in the previous assessment year. However, the tribunal remanded the issue of deletion of interest under sections 234B and 234C back to the Assessing Officer for detailed consideration based on a referenced case, treating it as allowed for statistical purposes. Case-Laws Income Tax Fri, 08 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119956