Bombay H.C : the Hon’ble Tribunal was right in holding that the receipts on account of foreign exchange fluctuation on EEFC account and interest on EEFC account can be treated as part of business income and accordingly, included in the profit of business while calculating deduction under s. 80HHC
High Court Of Bombay CIT vs. Shah Originals Section 80HHC Asst. Year 2000-01 Dr. D.Y. Chandrachud & J.P. Devadhar, JJ. […]