Export profit deduction under section 80HHC is phased down across assessment years and eliminated by the final year. The amendment replaces references to 'a deduction of the profits' with a deduction measured by the extent of profits and inserts a new provision prescribing a staged reduction in the extent of deduction for successive assessment years, culminating in no deduction for the final specified assessment year.
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Provisions expressly mentioned in the judgment/order text.
Export profit deduction under section 80HHC is phased down across assessment years and eliminated by the final year.
The amendment replaces references to "a deduction of the profits" with a deduction measured by the extent of profits and inserts a new provision prescribing a staged reduction in the extent of deduction for successive assessment years, culminating in no deduction for the final specified assessment year.
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