Dismissing the appeal of the revenue the Court held that, the Tribunal was right in holding that exchange fluctuation, provision written back, should be treated as income derived out of business for computation of deduction under S. 80HHC.( AY. 2001-02, 2001-02)
CIT v. TTK LIG Ltd. (2018) 409 ITR 390 (Mad.)(HC)
S. 80HHC : Export business-Income derived-Profits due to exchange fluctuation and provision written back–Entitle to deduction.