https://www.taxtmi.com/caselaws?id=245670 The High Court ruled in favor of the assessee regarding the interpretation of section 80HHC of the Act, excluding excise duty and sales tax for deduction computation. The Court also granted relief under section 80HHC for gain on a forward currency contract and excluded foreign exchange fluctuation gain from eligible profits. Referring to previous judgments, the Court decided in favor of the assessee in all aspects, dismissing the Tax Appeal against the Revenue. en-us Wed, 19 Mar 2014 00:00:00 +0530 Thu, 03 Apr 2014 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245670 The High Court ruled in favor of the assessee regarding the interpretation of section 80HHC of the Act, excluding excise duty and sales tax for deduction computation. The Court also granted relief under section 80HHC for gain on a forward currency contract and excluded foreign exchange fluctuation gain from eligible profits. Referring to previous judgments, the Court decided in favor of the assessee in all aspects, dismissing the Tax Appeal against the Revenue. Case-Laws Income Tax Wed, 19 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245670