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Gain from foreign exchange fluctuation eligible for deduction u/s 80HHC
Case Law Details
- Case Name
- Gujarat Ambuja Cotspin Ltd. Vs. ACIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1993-94
- Courts
- ITAT Ahmedabad
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Tribunal decision in the case of ITO Vs Gyani Exports as reported in 94 TTJ 557 wherein, it was held that gain from foreign exchange fluctuation as eligible for deduction u/s 80HHC. No contrary decision was brought to our notice by Ld. D.R. and hence, on this issue also, we decline to interfere in the order of Ld. CIT(A).
INCOME TAX APPELLATE TRIBUNAL, AHMEDABAD
I.T.A. No.113 / Ahd/1999 – (Assessment year 1993-94)
Gujarat Ambuja Cotspin Ltd. Vs. ACIT
I.T.A.No. 203/Ahd/1999 (assessment year 1993-94)
ACIT Vs. Gujarat Ambuja Cotspin Ltd.
I.T.A.No.1944/Ahd/2000(assessmen...
