https://www.taxtmi.com/caselaws?id=57507 The Tribunal partially allowed the appeal, striking down the CIT's order on the conversion of foreign currency earnings but upholding the CIT's direction on the computation of deduction under section 80HHC. The Tribunal found that the jurisdiction of the CIT to invoke powers under section 263 was valid despite the merger theory, emphasizing the date of the revisionary order as crucial. The Tribunal also held that the total export turnover for section 80HHC should be considered as a whole, rejecting the assessee's plea for individual classification. en-us Thu, 21 Sep 1995 00:00:00 +0530 Fri, 10 Dec 2010 15:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57507 The Tribunal partially allowed the appeal, striking down the CIT's order on the conversion of foreign currency earnings but upholding the CIT's direction on the computation of deduction under section 80HHC. The Tribunal found that the jurisdiction of the CIT to invoke powers under section 263 was valid despite the merger theory, emphasizing the date of the revisionary order as crucial. The Tribunal also held that the total export turnover for section 80HHC should be considered as a whole, rejecting the assessee's plea for individual classification. Case-Laws Income Tax Thu, 21 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57507