Sponsored
    Follow Us:

Case Law Details

Case Name : Shah Originals Vs CIT (Supreme Court of India)
Appeal Number : Civil Appeal No. 2664 of 2011
Date of Judgement/Order : 21/11/2023
Related Assessment Year :
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Shah Originals Vs CIT (Supreme Court of India)

Supreme Court held that profits earned on account of foreign exchange fluctuation cannot be included/ treated as derived from the business of export income. Accordingly, deduction under section 80HHC of the Income Tax Act not available.

Facts- The assessee is a 100% Export-Oriented Unit (EOU). The assessee reflected export turnover at Rs. 8,27,15,688/-. The said turnover included an amount of Rs. 26,62,927/- being gains on ac

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31