Exchange Rate Difference Of Exports Made In Earlier Year – Whether Part Of Export Turnover?

IN THE ITAT, SPECIAL BENCH `K’ MUMBAI

ACIT v. Prakash L. Shah

ITA No. 6349/Mum./2004 , August 22, 2008

RELEVANT EXTRACTS :

15. Section 80HHC(1) provides that where an assessee is engaged in the business of export out of India of any goods or merchandise to which this section applies, there shall be allowed deduction to the extent of profits derived from the export of such goods or mer

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