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of <h1>Delhi HC rules for assessee on section 80HHC deductions</h1> <h3>COMMR. OF INCOME TAX Versus M/s INTERNATILONAL RESEARCH PARK LAB. LTD</h3> The Delhi HC ruled in favor of the assessee in the 2010 (1) TMI 2 case, regarding deductions under section 80HHC for export profits, based on SC ... whether commission received by the assessee on assignment of export orders to another party in India will form part of profits eligible for deduction u/s 80HHC – held that – the issue is covered in favour of the assessee and against the revenue in view of the Supreme Court decisions in the cases of P. R. Prabhakar v. CIT : (2008 -TMI - 5172 - SUPREME Court) and CIT v. Baby Marine Exports : (2008 -TMI - 6554 - SUPREME Court) The Delhi High Court judgment in 2010 (1) TMI 2 addressed questions regarding deductions under section 80HHC for export profits. The court ruled in favor of the assessee based on Supreme Court decisions, deciding against the revenue. The judgment was delivered by Hon'ble Mr. Justice Badar Durrez Ahmed and Hon'ble Mr. Justice Siddharth Mridul on January 6, 2010.
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