https://www.taxtmi.com/caselaws?id=177339 The appeal involved issues of valuation of stock of polished diamonds and inclusion of exchange rate gain difference in calculating deduction u/s 80HHC. The Tribunal directed the Assessing Officer to accept the assessee's valuation method for the diamond stock, reducing the addition from Rs. 77,88,183 to Rs. 3,71,673. Regarding the exchange rate gain difference, the Tribunal ruled in favor of the Department, directing inclusion of the amount in the year of export. Both the assessee and Department's appeals were allowed in part, with the order pronounced on November 30, 2009. en-us Mon, 30 Nov 2009 00:00:00 +0530 Thu, 07 Jan 2016 14:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177339 The appeal involved issues of valuation of stock of polished diamonds and inclusion of exchange rate gain difference in calculating deduction u/s 80HHC. The Tribunal directed the Assessing Officer to accept the assessee's valuation method for the diamond stock, reducing the addition from Rs. 77,88,183 to Rs. 3,71,673. Regarding the exchange rate gain difference, the Tribunal ruled in favor of the Department, directing inclusion of the amount in the year of export. Both the assessee and Department's appeals were allowed in part, with the order pronounced on November 30, 2009. Case-Laws Income Tax Mon, 30 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177339