Calcutta HC Rejects Reliance on ‘Vedic Mantras’, Commutes Death Sentence in Wife’s Murder Case  ||  Tripura High Court Pulls Up State Over Failure to Implement Supreme Court's Open Prison Directions  ||  Calcutta HC Upholds Life Term for Father who Raped Minor Daughter, Causing Pregnancy  ||  Karnataka HC Directs Trial Courts, Police to Furnish S.164 of CrPC Statement Copies to Accused  ||  P&H HC: Immigration Fraud by Consultancies is a Growing Menace, Denies Pre-Arrest Bail Leniency  ||  CCPA Fines Rs. 1 Lakh Penalty on United Biscuits over Misleading ‘Wholewheat’ Claims  ||  Bombay HC Permits OTT Release of Hindi Film ‘Bandar’ Subject to Appropriate Disclaimers  ||  Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang  ||  Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases  ||  Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law    

Calcutta HC: Extra Realisation Due to Adverse Exchange Rate of Rupee Part of Export Turnover - (20 May 2020)

DIRECT TAXATION

Calcutta High Court has held that extra realisation made in rupees for export sale proceeds in foreign exchange due to adverse exchange rate of rupee would be part of the export turnover. The Court has also states that export sale proceeds received according to the export contract and with approval of Reserve Bank of India could not be ignored for the purpose of relief under Section 80-HHC of the Income Tax Act, 1961.

Tags : CALCUTTA HIGH COURT   EXPORT TURNOVER  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved