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1 - 4 of 4 (0.20 seconds)Section 144C in The Income Tax Act, 1961 [Entire Act]
Section 234B in The Income Tax Act, 1961 [Entire Act]
Namrata R. Peety,, Aurangabad vs Department Of Income Tax on 18 September, 2012
The Mumbai
Bench of the Tribunal in S. Narendra Vs Addl.CIT
(2013) 32 taxman. com 196 has also laid down to this
extent. In view of the foregoing discussion, we are of
the considered opinion that the amount of foreign
exchange gain/loss arising out of revenue
transactions is required to be considered as an item of
operating revenue/cost. However, it is made clear that
it should be dealt with identically both in the
calculation of the PLI of the assessee as well as the
comparable under all the three segments."
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