https://www.taxtmi.com/caselaws?id=262022 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to re-compute the deduction u/s 10A, allowing the inclusion of foreign exchange gain in the appellant's section 10A calculations. The judgment emphasized the direct nexus between the gain and the export business, stating that the fluctuation in foreign exchange directly impacted the sale price, making it an integral part of business profits. The decision was supported by a detailed analysis of facts, legal interpretations, and relevant case laws, ultimately favoring the appellant's position on the treatment of foreign exchange gains in section 10A deductions. en-us Tue, 30 Jun 2015 00:00:00 +0530 Thu, 30 Jul 2015 08:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262022 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to re-compute the deduction u/s 10A, allowing the inclusion of foreign exchange gain in the appellant's section 10A calculations. The judgment emphasized the direct nexus between the gain and the export business, stating that the fluctuation in foreign exchange directly impacted the sale price, making it an integral part of business profits. The decision was supported by a detailed analysis of facts, legal interpretations, and relevant case laws, ultimately favoring the appellant's position on the treatment of foreign exchange gains in section 10A deductions. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262022