https://www.taxtmi.com/caselaws?id=190431 The Court held in favor of the appellant, ruling that the increase in revenue liability due to foreign exchange rate fluctuation is not valid, citing a previous case. Additionally, the Court found that the payment made to customs authorities under protest falls under s. 43B(a) of the IT Act, as it was mandatory and the assessee had no choice but to comply. Consequently, the Court dismissed the appeal, stating that no substantial question of law arises for consideration on both issues. en-us Thu, 14 Aug 2008 00:00:00 +0530 Wed, 15 Feb 2017 13:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190431 The Court held in favor of the appellant, ruling that the increase in revenue liability due to foreign exchange rate fluctuation is not valid, citing a previous case. Additionally, the Court found that the payment made to customs authorities under protest falls under s. 43B(a) of the IT Act, as it was mandatory and the assessee had no choice but to comply. Consequently, the Court dismissed the appeal, stating that no substantial question of law arises for consideration on both issues. Case-Laws Income Tax Thu, 14 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190431