https://www.taxtmi.com/caselaws?id=210562 The Tribunal partially allowed the Revenue's appeal, ruling that foreign exchange fluctuation gains from transferring funds between accounts were not eligible for deduction under Section 10B. The Tribunal also upheld the exclusion of telecommunication and foreign currency expenses from both export turnover and total turnover for calculating the deduction under Section 10B, dismissing the assessee's cross-objection. en-us Fri, 19 Aug 2011 00:00:00 +0530 Fri, 08 Jan 2016 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210562 The Tribunal partially allowed the Revenue's appeal, ruling that foreign exchange fluctuation gains from transferring funds between accounts were not eligible for deduction under Section 10B. The Tribunal also upheld the exclusion of telecommunication and foreign currency expenses from both export turnover and total turnover for calculating the deduction under Section 10B, dismissing the assessee's cross-objection. Case-Laws Income Tax Fri, 19 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210562