https://www.taxtmi.com/caselaws?id=177173 The Tribunal partly allowed the assessee's appeal, ruling in favor of the assessee regarding the treatment of foreign currency derivative loss as a business loss rather than speculation loss. However, the exclusion of duty drawback from eligible profits for deduction under Section 80IB was upheld, following the Supreme Court's decision that such benefits are incentives and not part of profits derived from the eligible business. The Tribunal's decision was pronounced on February 21, 2013, in Chennai. en-us Thu, 21 Feb 2013 00:00:00 +0530 Wed, 31 May 2017 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177173 The Tribunal partly allowed the assessee's appeal, ruling in favor of the assessee regarding the treatment of foreign currency derivative loss as a business loss rather than speculation loss. However, the exclusion of duty drawback from eligible profits for deduction under Section 80IB was upheld, following the Supreme Court's decision that such benefits are incentives and not part of profits derived from the eligible business. The Tribunal's decision was pronounced on February 21, 2013, in Chennai. Case-Laws Income Tax Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177173