https://www.taxtmi.com/caselaws?id=255195 The Court partially favored both the Department and the assessee in the appeal against the ITAT order for Assessment Years 1995-96, 1996-97, and 2000-01. It held that duty drawbacks should not be considered 'derived' from industrial undertakings but ruled that foreign exchange differences should be treated as such. The Court modified the ITAT orders accordingly, allowing the Tax Appeals in part based on this analysis. en-us Thu, 18 Dec 2014 00:00:00 +0530 Fri, 09 Jan 2015 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255195 The Court partially favored both the Department and the assessee in the appeal against the ITAT order for Assessment Years 1995-96, 1996-97, and 2000-01. It held that duty drawbacks should not be considered 'derived' from industrial undertakings but ruled that foreign exchange differences should be treated as such. The Court modified the ITAT orders accordingly, allowing the Tax Appeals in part based on this analysis. Case-Laws Income Tax Thu, 18 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255195