Deduction u/s 80IC Rs cannot be denied on Foreign Exchange Rate Fluctuations

BRIEF FACTS OF THE CASE AND QUESTION OF LAW

Brief Facts:

This appeal filed by the assessee is directed against the order of the learned Commissioner of Income Tax (Appeals) , Chandigarh dated 16.1.2012 relating to assessment year 2007-08.

The assessee has claimed income of Rs.8,00,196/- on account of foreign exchange fluctuation.   The Assessing Officer did not allow deduction under section 80IC of the Income Tax

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