Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 80HHC Deduction Now Includes Export of Processed Granite Blocks, Effective April 1, 1991.</h1> The circular clarifies that the deduction under section 80HHC of the Income-tax Act, 1961, is applicable to the export of 'cut and polished minerals and rocks,' including granites, effective from April 1, 1991. Initially, dimensional blocks of granite were ineligible for this benefit. However, following representations from industry associations, the Board reconsidered and determined that the mechanical processing of rough granite into dimensional blocks involves substantial value addition. Consequently, profits from exporting these processed granite blocks are now eligible for the deduction under section 80HHC.
TaxTMI 
TaxTMI 
