https://www.taxtmi.com/caselaws?id=56010 The Tribunal ruled in favor of the assessees, reversing lower authorities' findings on the treatment of exchange differences, directing the AO to allow deductions under s. 80HHC. It ordered recomputation of deductions regarding interest on fixed deposits and export receipts, upheld partial disallowances on telephone and mobile expenses, and remanded issues of unaccounted sales and closing stock to the CIT(A) for reconsideration. The Revenue's appeal was dismissed. en-us Wed, 22 Dec 2004 00:00:00 +0530 Wed, 19 Jun 2024 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56010 The Tribunal ruled in favor of the assessees, reversing lower authorities' findings on the treatment of exchange differences, directing the AO to allow deductions under s. 80HHC. It ordered recomputation of deductions regarding interest on fixed deposits and export receipts, upheld partial disallowances on telephone and mobile expenses, and remanded issues of unaccounted sales and closing stock to the CIT(A) for reconsideration. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56010