2013 (5) TMI 107

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....ijit Prasad, adv. Mr. T.M. Singh, Adv. Mr. B.V. Balaram Das,Adv. Mrs. Anil Katiyar, Adv. For the Respondent : Mr. R. K. Patel, Adv. Ms. Manisha T. Karia,Adv. ORDER 1. Delay condoned. 2. Leave granted. 3. This appeal, by special leave, is directed against the judgment and order passed by the High Court of Judicature of Gujarat at Ahmedabad in Tax Appeal No. 658 of 2009, dated 29.06.2....

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....nting relief u/s 80HHC of the Act to assessee on the issue of gain on forward currency contract without appreciating the fact that the gain on exchange difference is nothing but speculation profit and not related to the business of the assessee? C. Whether on the facts of the case and in law, the Appellate Tribunal was in justified in directing the Assessing Officer not to exclude this income f....