Shah Originals vs Commissioner of Income Tax

Authority: Supreme Court Date: 2023-11-21 AY: 2000-01, 2001-02 Section: 80HHC, 260(A), 73, 28 Acts: Income Tax Act 1961, Foreign Exchange Regulation Act 1973 Result: Dismissed Citation: 1123Taxpundit28 Justices: B V NAGARATHNA & S V N BHATTI Appeal No: CIVIL APPEAL NO. 2664 OF 2011
Whether gain on foreign exchange fluctuation in an EEFC account partakes the character of profits from export business and is eligible for deduction under Section 80HHC of the Income Tax Act 1961 --- Held No.

šŸ”’ Direct Access Blocked

For your security and to prevent unauthorized automated access, individual judgment links cannot be opened directly. Please access this content via Google Search or the TaxPundit Search Portal.

AI Deep Dive
0/5 selected

Membership Required

Unlock official PDFs for all landmark cases.

JOIN NOW āž”
Shopping Cart