https://www.taxtmi.com/caselaws?id=793042 Foreign exchange gains from realisation of export proceeds for IT/ITES services are treated as operating income for TNMM where they arise in the normal course of business, and their exclusion from operating results is not justified on first principles or by inapplicable safe harbour rules. A donation forming part of CSR expenditure remains eligible for deduction under section 80G if it is supported by a valid 80G certificate and no applicable statutory bar applies. Foreign tax credit claims under section 90 may be restored for verification before credit is granted. Interest under sections 234A, 234B and 234C and initiation of penalty under section 270A follow the assessment as consequential matters. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793042 Foreign exchange gains from realisation of export proceeds for IT/ITES services are treated as operating income for TNMM where they arise in the normal course of business, and their exclusion from operating results is not justified on first principles or by inapplicable safe harbour rules. A donation forming part of CSR expenditure remains eligible for deduction under section 80G if it is supported by a valid 80G certificate and no applicable statutory bar applies. Foreign tax credit claims under section 90 may be restored for verification before credit is granted. Interest under sections 234A, 234B and 234C and initiation of penalty under section 270A follow the assessment as consequential matters. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793042