https://www.taxtmi.com/caselaws?id=342372 The revenue's appeal against the allowance of deductions under Section 80IE of the Income Tax Act for foreign currency fluctuation gain and excess provision written back was dismissed. The ITAT upheld the decision, emphasizing that the deductions were integral parts of the unit's income and had been allowed in previous assessments. The dismissal was based on established principles and precedents, ensuring consistent application of tax laws in favor of the assessee. en-us Mon, 24 Apr 2017 00:00:00 +0530 Wed, 03 May 2017 07:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342372 The revenue's appeal against the allowance of deductions under Section 80IE of the Income Tax Act for foreign currency fluctuation gain and excess provision written back was dismissed. The ITAT upheld the decision, emphasizing that the deductions were integral parts of the unit's income and had been allowed in previous assessments. The dismissal was based on established principles and precedents, ensuring consistent application of tax laws in favor of the assessee. Case-Laws Income Tax Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342372