https://www.taxtmi.com/caselaws?id=35337 HC allowed deduction under s.80IB for exchange-rate differences arising from export sales, holding such fluctuations are directly linked to the industrial undertaking's sale transaction and thus deductible. The court affirmed the Tribunal's finding on exchange-rate difference but, following the Supreme Court authority, set aside the Tribunal's allowance of deduction for duty drawback, export entitlements and DEPB licences, finding those incentives not derived from the industrial undertaking. The appeal was disposed and the question of law answered accordingly. en-us Wed, 13 Jan 2010 00:00:00 +0530 Fri, 05 Jun 2026 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35337 HC allowed deduction under s.80IB for exchange-rate differences arising from export sales, holding such fluctuations are directly linked to the industrial undertaking's sale transaction and thus deductible. The court affirmed the Tribunal's finding on exchange-rate difference but, following the Supreme Court authority, set aside the Tribunal's allowance of deduction for duty drawback, export entitlements and DEPB licences, finding those incentives not derived from the industrial undertaking. The appeal was disposed and the question of law answered accordingly. Case-Laws Income Tax Wed, 13 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35337