https://www.taxtmi.com/caselaws?id=252117 The court held that income earned on account of rate difference due to foreign exchange fluctuation can be considered for deductions under section 80HHC of the Income-tax Act, 1961, based on a previous judgment. However, regarding income from the sale of DEPB license and foreign exchange fluctuation for deductions under section 80-IA, the court allowed the appeal in part, reversing the decision on the deduction related to the sale of DEPB license. The judgment emphasized the direct relation of foreign exchange fluctuation income to the export business of the assessee. en-us Wed, 26 Mar 2014 00:00:00 +0530 Fri, 10 Oct 2014 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252117 The court held that income earned on account of rate difference due to foreign exchange fluctuation can be considered for deductions under section 80HHC of the Income-tax Act, 1961, based on a previous judgment. However, regarding income from the sale of DEPB license and foreign exchange fluctuation for deductions under section 80-IA, the court allowed the appeal in part, reversing the decision on the deduction related to the sale of DEPB license. The judgment emphasized the direct relation of foreign exchange fluctuation income to the export business of the assessee. Case-Laws Income Tax Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252117