Dismissing the appeal of the revenue the Court held that ; Exchange fluctuation gains on export business is entitle to deduction. ( AY. 2008 -09)
PCIT v. Asahi Songwon Colors Ltd. (2018) 400 ITR 138 (Guj) (HC)
S. 10B: Export oriented undertakings –Exchange fluctuation gains on export business is entitle to deduction.