https://www.taxtmi.com/caselaws?id=181538 The High Court upheld the Tribunal's decision in a case involving employer's contribution to PF & ESI and provision for foreign exchange fluctuation in technical know-how fee. The Court ruled in favor of the assessee, emphasizing adherence to the Mercantile System of Accounting and the impact of foreign exchange fluctuations on tax deductions. The decision clarified that TDS deduction was not required for the fluctuation amount, as it would be adjusted upon actual payment in the future. en-us Tue, 06 Apr 2010 00:00:00 +0530 Tue, 19 Apr 2016 16:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181538 The High Court upheld the Tribunal's decision in a case involving employer's contribution to PF & ESI and provision for foreign exchange fluctuation in technical know-how fee. The Court ruled in favor of the assessee, emphasizing adherence to the Mercantile System of Accounting and the impact of foreign exchange fluctuations on tax deductions. The decision clarified that TDS deduction was not required for the fluctuation amount, as it would be adjusted upon actual payment in the future. Case-Laws Income Tax Tue, 06 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181538