https://www.taxtmi.com/caselaws?id=62019 Section 80HHC allows deduction only from profits derived from export of goods or merchandise, and section 80AB confines Chapter VI-A relief to income of that nature included in gross total income. The proportionate computation under section 80HHC(3)(b) was treated as applicable only where export business exists with common profits capable of apportionment, not where there is no export profit and the activity results in a loss. The assessee's reading was rejected because it would create an anomalous result and undermine section 80AB. Deduction under section 80HHC was therefore not available in the absence of export profits. en-us Fri, 31 Oct 1997 00:00:00 +0530 Mon, 17 Jan 2011 17:03:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62019 Section 80HHC allows deduction only from profits derived from export of goods or merchandise, and section 80AB confines Chapter VI-A relief to income of that nature included in gross total income. The proportionate computation under section 80HHC(3)(b) was treated as applicable only where export business exists with common profits capable of apportionment, not where there is no export profit and the activity results in a loss. The assessee's reading was rejected because it would create an anomalous result and undermine section 80AB. Deduction under section 80HHC was therefore not available in the absence of export profits. Case-Laws Income Tax Fri, 31 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62019