Supreme Court: Army Must Prove Disability Was Unrelated to Service to Deny Pension  ||  SC: Grant of Fishing Rights by Deed is a Transfer of Immovable Property, Qualifies as Lease  ||  Gujarat HC: Waqf Board Inquiry into Religious Character Not Barred by Places of Worship Act  ||  Gauhati HC Rejects Failed Candidates’ Challenge to Law Officers’ Appointment Procedures  ||  Kerala HC Grants Pre-Arrest Bail to Woman Accused of Throwing Newborn, Cites Lack of Intent  ||  P&H HC Quashes Case, Holds 'Heart Lung Pack' was not a Notified Drug in 2010  ||  Kerala HC: Illegal Arrest Entitles Accused to Release, Not Bail  ||  Allahabad HC Explains: Does Conversion Automatically Strip a Person of Scheduled Tribe Status?  ||  Delhi HC Rejects Vimal Elaichi Plea against FDA Notice to Shah Rukh Khan, Ajay Devgn, Tiger Shroff  ||  Calcutta HC Upholds Jail Term for Owner Over Unauthorised Construction under Roof-Repair Permit    

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