https://www.taxtmi.com/caselaws?id=330095 The Tribunal partly allowed the Revenue's appeal, disallowing the exchange rate difference for deduction u/s. 80IB but allowing depreciation on the plant. The Tribunal found the gain from hedging not directly linked to export sales, unlike the case law relied upon by the assessee. The depreciation on the plant was allowed based on evidence of complementary work between units. The decision was pronounced on 09-06-2016. en-us Thu, 09 Jun 2016 00:00:00 +0530 Mon, 18 Jul 2016 11:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330095 The Tribunal partly allowed the Revenue's appeal, disallowing the exchange rate difference for deduction u/s. 80IB but allowing depreciation on the plant. The Tribunal found the gain from hedging not directly linked to export sales, unlike the case law relied upon by the assessee. The depreciation on the plant was allowed based on evidence of complementary work between units. The decision was pronounced on 09-06-2016. Case-Laws Income Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330095