https://www.taxtmi.com/caselaws?id=174176 The Tribunal partly allowed the Revenue's appeal in a case involving various issues related to tax deductions under sections 80HHC. The Tribunal directed the Assessing Officer to rectify the previous year's assessment to allow the deduction for exchange rate difference and upheld the assessee's method of calculating costs based on purchases. The Tribunal also directed consideration of division-wise profitability for deduction reduction due to disclaimer certificates and clarified the treatment of freight expenses beyond the customs point. The appeal was partly allowed and partly allowed for statistical purposes. en-us Fri, 13 May 2011 00:00:00 +0530 Thu, 01 Oct 2015 16:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174176 The Tribunal partly allowed the Revenue's appeal in a case involving various issues related to tax deductions under sections 80HHC. The Tribunal directed the Assessing Officer to rectify the previous year's assessment to allow the deduction for exchange rate difference and upheld the assessee's method of calculating costs based on purchases. The Tribunal also directed consideration of division-wise profitability for deduction reduction due to disclaimer certificates and clarified the treatment of freight expenses beyond the customs point. The appeal was partly allowed and partly allowed for statistical purposes. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174176