https://www.taxtmi.com/caselaws?id=186668 The appeal was partly allowed by the Tribunal for Assessment Year 2002-03. The Tribunal directed re-computation of the deduction u/s 80HHC, including foreign exchange fluctuations in export turnover, reducing indirect cost by 10% of export incentives and interest, and upholding the authority of the ld CIT(A) in determining the value of export incentives. The Tribunal rejected the claim for adjustment of trading loss. The High Court reversed relief granted by the Tribunal, leading to a reevaluation of the merits raised by the assessee. en-us Fri, 16 Jan 2015 00:00:00 +0530 Tue, 27 Sep 2016 10:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186668 The appeal was partly allowed by the Tribunal for Assessment Year 2002-03. The Tribunal directed re-computation of the deduction u/s 80HHC, including foreign exchange fluctuations in export turnover, reducing indirect cost by 10% of export incentives and interest, and upholding the authority of the ld CIT(A) in determining the value of export incentives. The Tribunal rejected the claim for adjustment of trading loss. The High Court reversed relief granted by the Tribunal, leading to a reevaluation of the merits raised by the assessee. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186668