2013 (3) TMI 720

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..... 04, following questions of law have been proposed for our consideration. a) Whether, on the facts and in the circumstances of the case, the Tribunal, in law, was justified in setting aside the issue of inclusion of exchange rate gain on forward contract entered into by the assessee, for the purpose of computation under Section 80HHC, to the file of the AO with a direction to follow the judgmen .....

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..... ofit and, hence, cannot be excluded from export turnover under Section 80HHC of the Income Tax Act, 1961. In view of the above, we see no reason to entertain question (a). 3. In so far as question (b) is concerned, counsel for the parties state that this issue is covered in favour of the assessee and against the Revenue by the decision of this Court in the matter of Commissioner of Income Tax V .....

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