https://www.taxtmi.com/caselaws?id=265324 The Tribunal ruled in favor of the assessee, quashing the reassessment proceedings under Section 147 and the revisionary order under Section 263. It also held that foreign exchange fluctuation gains should be included in the export turnover for deduction under Section 80HHF. The Tribunal directed the AO to reconsider the levy of interest under Sections 234B and 234D based on the outcome of the reassessment and revisionary proceedings. en-us Wed, 30 Sep 2015 00:00:00 +0530 Sat, 10 Oct 2015 06:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265324 The Tribunal ruled in favor of the assessee, quashing the reassessment proceedings under Section 147 and the revisionary order under Section 263. It also held that foreign exchange fluctuation gains should be included in the export turnover for deduction under Section 80HHF. The Tribunal directed the AO to reconsider the levy of interest under Sections 234B and 234D based on the outcome of the reassessment and revisionary proceedings. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265324