https://www.taxtmi.com/caselaws?id=59705 The Tribunal held that exchange rate gain is part of export turnover, not income from other sources. Deductions under Section 80HHC are admissible in the year of export if foreign exchange is realized within the prescribed period. Section 155(13) is inapplicable if the foreign exchange is received within the statutory period. The AO was instructed to adjust the deduction computation by including the exchange rate gain in the income of the year when exports were made. The Revenue's appeal was allowed for statistical purposes. en-us Fri, 22 Aug 2008 00:00:00 +0530 Sat, 02 Dec 2023 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59705 The Tribunal held that exchange rate gain is part of export turnover, not income from other sources. Deductions under Section 80HHC are admissible in the year of export if foreign exchange is realized within the prescribed period. Section 155(13) is inapplicable if the foreign exchange is received within the statutory period. The AO was instructed to adjust the deduction computation by including the exchange rate gain in the income of the year when exports were made. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 22 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59705