2014 (4) TMI 168

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nbsp; (Per : Honourable Mr. Justice Akil Kureshi) 1. While admitting Tax Appeal on 29.6.2010 following substantial question of law was framed:- "Whether the Appellate Tribunal is right in law and on facts in directing the Assessing Officer to exclude the excise duty and sales tax for computing the deduction u/s. 80HHC of the Act, despite insertion of section 145A of the Act?" 2. Therea....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the assessee stands to benefit by the fluctuations in foreign exchange irrespective of the fact whether the trade agreement exists or not?" 3. All three questions of law are covered by different decisions of this Court. Insofar as the first question is concerned, the same is covered in favour of the assessee by virtue of the judgment of this Court in Tax Appeal No.884 of 2006 and connected appe....