https://www.taxtmi.com/caselaws?id=121275 The Tribunal directed the Assessing Officer to delete the disallowance of foreign exchange fluctuation loss, following precedent cases. The addition under Section 14A was set aside for reassessment based on specific rules. The inclusion of excise duty in total turnover was rejected, in line with previous decisions. The exclusion of turnover of a unit exempted under Section 10A from total turnover for deduction under Section 80HHC was disputed, with the Tribunal upholding the Assessing Officer's decision. The treatment of interest income, commission, and rent for deduction under Section 80HHC was referred back for further examination. The allocation of expenses between units was upheld by the Tribunal. en-us Fri, 31 Jul 2009 00:00:00 +0530 Fri, 27 Jul 2012 18:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121275 The Tribunal directed the Assessing Officer to delete the disallowance of foreign exchange fluctuation loss, following precedent cases. The addition under Section 14A was set aside for reassessment based on specific rules. The inclusion of excise duty in total turnover was rejected, in line with previous decisions. The exclusion of turnover of a unit exempted under Section 10A from total turnover for deduction under Section 80HHC was disputed, with the Tribunal upholding the Assessing Officer's decision. The treatment of interest income, commission, and rent for deduction under Section 80HHC was referred back for further examination. The allocation of expenses between units was upheld by the Tribunal. Case-Laws Income Tax Fri, 31 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121275