Case Law Details
Case Name : Sanyo LSI Technology India Private Ltd. Vs. Deputy Commissioner of Income Tax (ITAT Bangalore)
Related Assessment Year : 2004- 05
Courts :
All ITAT ITAT Bangalore
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Sanyo LSI Technology India Private Ltd Vs DCIT (ITAT Bangalore)– Gain from fluctuation of foreign exchange is directly related with the export activities and should be considered as income derived from export in the year in which the export took place for the purpose of deduction u/s 10A of the Act. The exchange value based on upward or downward of the rupee value is not in the hands of the assessee. The assessee does not determine the exchange value of the Indian rupee; that when the fluctuation in Please become a Premium member. If you are already a Premium member, login here to access the full content.
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