https://www.taxtmi.com/caselaws?id=211182 The Tribunal partially allowed the appeal, finding that the Commissioner of Income Tax's jurisdiction under Section 263 was not proper regarding the deduction under Section 80HHC on interest receipt. The Tribunal upheld the Commissioner's jurisdiction on the issue of exchange gain on forward contract transactions, directing the Assessing Officer to apply Clause (baa) of Explanation to Section 80HHC. en-us Fri, 06 Jan 2012 00:00:00 +0530 Fri, 17 Feb 2012 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211182 The Tribunal partially allowed the appeal, finding that the Commissioner of Income Tax's jurisdiction under Section 263 was not proper regarding the deduction under Section 80HHC on interest receipt. The Tribunal upheld the Commissioner's jurisdiction on the issue of exchange gain on forward contract transactions, directing the Assessing Officer to apply Clause (baa) of Explanation to Section 80HHC. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211182