Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1981 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (7) TMI 100 - ITAT BOMBAY-CExtract: .......ding that the freight collected in dollars abroad should be converted at the rate of one dollar equal to Rs. 7.50 notwithstanding the fact that the prevailing rate of exchange of the dollar was higher and the freight earned did not constitute the income as such of the assessee. Hence, we confirm his order. 6. In the result, the appeal is dismissed.
|