Foreign Exchange Fluctuations have direct Nexus over Export Sales, would be Eligible for Deduction u/s 10A of Income Tax Act: ITAT [Read Order]
The foreign exchange fluctuations are having direct nexus over the export sales of the assessee and would be eligible for deduction under Section 10A of the Income Tax Act, 1961
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that foreign exchange fluctuations have direct nexus over export sales and would be eligible for deduction under Section 10A of the Income Tax Act, 1961. The AO had held that foreign exchange and forward contract gain of Rs. 14.48 crores and Rs….
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
