https://www.taxtmi.com/caselaws?id=234962 The High Court partially allowed the appeal, affirming the tribunal's decision on excluding gains from foreign exchange fluctuations from business profits for deduction under Section 80HHE of the Income Tax Act. However, the High Court ruled in favor of the revenue regarding the reduction of business profits by unabsorbed depreciation and losses before computing the deduction. en-us Mon, 10 Jun 2013 00:00:00 +0530 Wed, 23 Oct 2013 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234962 The High Court partially allowed the appeal, affirming the tribunal's decision on excluding gains from foreign exchange fluctuations from business profits for deduction under Section 80HHE of the Income Tax Act. However, the High Court ruled in favor of the revenue regarding the reduction of business profits by unabsorbed depreciation and losses before computing the deduction. Case-Laws Income Tax Mon, 10 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234962