Income Tax | Forex Gain Passed to Buyer Under Contract Cannot Be Taxed in Assessee’s Hands: ITAT Lucknow

ITAT Lucknow deletes ₹1.32 crore forex gain addition, holding contractual sharing with buyer allowable irrespective of accounting nomenclature. The post Forex Gain Passed to Buyer Under Contract Cannot Be Taxed in Assessee’s Hands: ITAT Lucknow appeared first on TaxGuru .