https://www.taxtmi.com/caselaws?id=262137 The High Court upheld the Appellate Tribunal's order, deciding against the revenue and in favor of the assessee on both issues. The interpretation of exchange rate difference as 'profit of business' under Section 80HHC of the Act was supported by established precedents. Additionally, the treatment of profit on cancellation of a forward marketing contract as export turnover under the same section was found to be correctly decided by the Tribunal, leading to the dismissal of the appeal with no order as to costs. en-us Tue, 21 Jul 2015 00:00:00 +0530 Mon, 03 Aug 2015 11:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262137 The High Court upheld the Appellate Tribunal's order, deciding against the revenue and in favor of the assessee on both issues. The interpretation of exchange rate difference as 'profit of business' under Section 80HHC of the Act was supported by established precedents. Additionally, the treatment of profit on cancellation of a forward marketing contract as export turnover under the same section was found to be correctly decided by the Tribunal, leading to the dismissal of the appeal with no order as to costs. Case-Laws Income Tax Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262137