2009 (12) TMI 689

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....1. Heard learned senior counsel for the revenue and learned senior counsel for the respondent. Perused appeal. 2. The substantial question of law sought to be raised which reads as under: "Whether in the facts and circumstances of the case and in law, the Tribunal erred in holding that exemption is allowable on exchange fluctuation gain, interest income and reversal of provision. 3. The learned....