2008 (8) TMI 950

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..... t the order dt. 7th Dec., 2007 passed by the Tribunal in ITA No. 3989/Del/2005. The learned counsel for the appellant submitted that two issues are sought to be raised in this appeal. The first issue pertains to the increase in the revenue liability on account of foreign exchange rate fluctuation. This issue stands covered against the Revenue and in favour of the assessee by virtue of the dec .....

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..... raised here, namely, the claim of deduction under s. 43B of the said Act on the ground that it was required to make a special value branch (SVB) deposit with the customs authorities. This Court after examining the order of the Tribunal impugned in that appeal came to the conclusion that no fault could be found with the view taken by the Tribunal primarily because the liability was required to be d .....

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